Hailstorms Drive Severe Storm Losses in the U.S.
• Hailstorms now account for 50-80% of severe convective storm losses in the U.S., exceeding tornado-related damages.
• The U.S. accounts for over 80% of global insured losses from severe convective storms, highlighting its vulnerability.
• AI is crucial for improving weather forecasting and developing effective strategies to mitigate hail damage risks.
Hailstorms now surpass tornadoes in financial impact
Hailstorms are increasingly the main cause of severe storm losses in the United States, making up 50% to 80% of all severe convective storm (SCS) losses and now costing more than tornadoes. The U.S. is responsible for over 80% of global insured SCS losses, which shows how at risk the country is. Last year, losses from severe convective storms were over $60 billion, almost half of all natural catastrophe losses, which shows how much of an economic problem they are.
Related News