Lightning insurance claims shows that costs are still increasing

Lightning insurance claims

Product shortages and price spikes in electronics are being blamed for this trend. Though it has been the deadly and highly damaging tornadoes that have been attracting the insurance news attention regarding natural disasters in many states in 2012, the country has also been facing a massive amount of lightning storms that have also been wreaking havoc. The Insurance Information Institute said strikes of lightning led to nearly $1 billion in insured losses last year. A State Farm and I.I.I. analysis of homeowners insurance data have determined that in 2011…

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