Hail Wary

“In 2023, a year that set all sorts of weather records, not only were there 19 storms in the US that topped $1 billion in damage, there was an uptick in storms globally. Damages topped $64 billion, according to Swiss Re, the international reinsurance giant. And that’s insured damages only — not all damage is insured. High winds and heavy rains both play their parts in severe storm damage.” But the most damaging impact from major storms was something else. Giant blocks of ice falling from the sky. Bloomberg (Gift Article): Giant Hail Is the Weather Threat Keeping Insurers Up at Night.