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Hailstones may get bigger as the climate warms — bringing higher insurance costs
NBC News / Comcast ^ | September 2, 2024 | By Evan Bush

Posted on 09/02/2024 8:01:26 AM PDT by Oldeconomybuyer

The sudden, percussive crackle came as Barb Berlin was standing in the garage of her farmhouse near Inman, Nebraska.

“I thought it was a gun,” she said.

Then came a streak of white. She realized the sound wasn’t gunfire but hail.

This year, amid a spring and summer of extreme weather, hail — not hurricanes, floods or tornadoes — has caused the highest damage costs in the U.S., according to Gallagher Re, a global reinsurance firm that tracks such data.

And research suggests that large hailstones like the ones Berlin saw Monday will become more common as Earth warms. That was the finding of a study published last month, which suggested that the likelihood of smaller, less-damaging hailstones will decrease.

The study by Northern Illinois University researchers projects that the frequency of hailstones roughly 1½ inches or larger will rise by 15% to 75%, depending on how much greenhouse gas pollution humans emit.

The prospect of bigger hail, which is already one of the costliest weather hazards in the U.S. and a key factor driving up insurance premiums, will only intensify those issues.

“Thunderstorm losses are a really, really big piece of why premiums continue to go up and why there’s this massive reassessment of risk by not just the insurance industry, but banks and the federal government,” said Steve Bowen, chief science officer for Gallagher Re.

(Excerpt) Read more at nbcnews.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: evanbush; globalwarming; hoax; propaganda; socialism
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1 posted on 09/02/2024 8:01:26 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer
"Hailstones may get bigger as the climate warms"

And with it more insurance fraud.

2 posted on 09/02/2024 8:03:22 AM PDT by billorites (freepo ergo sum)
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To: Oldeconomybuyer

In spades, buckets and dump trucks!!! This has the flavor of greasing the skids for ins policy rate increases….in a not so subtle way.


3 posted on 09/02/2024 8:04:06 AM PDT by 556x45
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To: Oldeconomybuyer

I’m rootin’ for hail the size of butterball turkeys.


4 posted on 09/02/2024 8:04:35 AM PDT by William of Barsoom (In Omnia, Paratus)
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To: Oldeconomybuyer

HOW much will insurance rates rise when the Insurance companies realize that ALL the new refrigerators have coolant that is FLAMMABLE???

ISOPROPANE is replacing Freon.

I sent the FR article to MY insurance agent-—AND asked IF ANY INSURANCE COMPANIES were consulted BEFORE this change???


5 posted on 09/02/2024 8:04:47 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: Oldeconomybuyer

Snowflakes, too.


6 posted on 09/02/2024 8:05:48 AM PDT by xoxox
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To: Oldeconomybuyer

has caused the highest damage costs


I would say other things like govt have caused the highest damage costs..................

They never look at the system, just one little thing that fits their thinking.


7 posted on 09/02/2024 8:07:08 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: Oldeconomybuyer

Revelation 16:21

https://www.biblegateway.com/passage/?search=Revelation%2016%3A21&version=NIV

From the sky huge hailstones, each weighing about a hundred pounds, fell on people. And they cursed God on account of the plague of hail, because the plague was so terrible.


8 posted on 09/02/2024 8:07:10 AM PDT by Indy Pendance (Jesus can't here soon enough!)
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To: Oldeconomybuyer

This has become something well beyond absurd. Not sure what that would be, insane?


9 posted on 09/02/2024 8:07:46 AM PDT by Sequoyah101 (More important than why there was nobody protecting the AGR roof, how did Crooks know that?)
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To: Oldeconomybuyer

Pure garbage speculation, based on numerous assumptions.


10 posted on 09/02/2024 8:08:12 AM PDT by marktwain (The Republic is at risk. Resistance to the Democratic Party is Resistance to Tyranny. )
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To: Oldeconomybuyer

Or they may not.


11 posted on 09/02/2024 8:08:38 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Oldeconomybuyer

Won’t they melt before they hit the ground?


12 posted on 09/02/2024 8:08:58 AM PDT by MtnClimber (For photos of scenery and wildlife, click on my screen name for my FR home page. More photos added.)
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To: Oldeconomybuyer

Science proves the cure is giving up freedom and prosperity forever and being ruled by criminal gangs who hate you.


13 posted on 09/02/2024 8:09:57 AM PDT by Salman (It's not a slippery slope if it was part of the program all along. )
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To: Oldeconomybuyer

I saw softball sized hail 35 years ago.

Another scare story.


14 posted on 09/02/2024 8:10:18 AM PDT by SaxxonWoods (The world is driven by envy, not greed.)
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To: marktwain

lol, as the left likes to say science is science. It’s easier than actually coming up with proof or at least a plausible argument.


15 posted on 09/02/2024 8:10:58 AM PDT by 556x45
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To: 556x45

You get the $cience you pay for.


16 posted on 09/02/2024 8:11:34 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Oldeconomybuyer
Well....they either are getting bigger or they're not. Simple measurements will tell the story.

But here's the issue....we have no way to know how big hail was in 1910.

So we really cannot say.

17 posted on 09/02/2024 8:15:52 AM PDT by ealgeone
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To: William of Barsoom

“I swear I thought turkeys could fly:

https://www.youtube.com/watch?v=lf3mgmEdfwg


18 posted on 09/02/2024 8:16:07 AM PDT by cpdiii (cane cutter, deckhand, oilfield roughneck, drilling fluid tech, geologist, pilot, pharmacist ,MAGA)
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To: Oldeconomybuyer
The study by Northern Illinois University researchers projects that the frequency of hailstones roughly 1½ inches or larger will rise by 15% to 75%...

Wow....talk about covering your butt both ways.

19 posted on 09/02/2024 8:17:02 AM PDT by ealgeone
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To: Oldeconomybuyer
This year, amid a spring and summer of extreme weather, hail — not hurricanes, floods or tornadoes — has caused the highest damage costs in the U.S., according to Gallagher Re, a global reinsurance firm that tracks such data.

More buildings to hit. Inflation driving up prices. It's not the storms....it's those two things driving up the costs.

20 posted on 09/02/2024 8:18:05 AM PDT by ealgeone
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