Insurance Industry Battles Surge in Roof Damage Claims and Fraudulent Practices The property and casualty insurance sector faces unprecedented challenges as the frequency and cost of roof damage claims soar, largely attributed to increasingly severe and unpredictable weather patterns. This situation is intensified by fraudulent activities perpetrated by unscrupulous contractors, colloquially known as “storm chasers,” who exploit the system and contribute to escalating insurance premiums for policyholders. Rising Claims Amid Severe Weather In recent years, natural disasters such as hailstorms, hurricanes, and intense winter weather have become more frequent, causing…
Read MoreStorm Chasers: The Unseen Threat Driving Your Insurance Premiums Sky-High
