3 ms·
It seems like "severe storms" have increased quite a bit, the other categories not so much. What does "severe storm" mean here? Doesn't seem to mean hurricanes
by paleotrope 2y ago
It seems like "severe storms" have increased quite a bit, the other categories not so much. What does "severe storm" mean here? Doesn't seem to mean hurricanes or winter storms. So what gives? Is this just political patronage handed out under the cover of claiming a big storm knocked some trees down?
- paleotrope 2y agoOk so the source, https://www.ncei.noaa.gov/access/billions/time-series/US https://www.ncei.noaa.gov/access/billions/time-series/US says, "tornado outbreaks, high wind, hailstorms" So most of this cost is roof damage. Which is an area rife with insurance fraud and getting worse.
- JKCalhoun 2y agoRoof damage fraud ... my understanding is the insured has roof damage, takes a payment from the insurance company but does not repair roof, next storm comes along: roof damage again! Easy enough I think to solve.
- trollbridge 2y agoThe main problem is (a) the cost of roofers has gone up significantly, (b) as a country we switched from more durable forms of roofing like slate to cheap forms that are harder to repair and easier to damage, like asphalt shingles, and (c) the roofing industry is now full of bad actors committing near-insurance fraud.