Credit: NOAA
A June 2012 hail storm in Dallas, Texas, caused estimated damages totaling approximately $1 billion in insured losses to cars, aircraft, livestock, and crops.
Thousands of similar hail-producing thunderstorms occur across the United States each year, though most cause less damage than the Dallas storm.
In order to improve the accuracy of hail forecasts and enhance risk management practices, NOAA’s National Severe Storms Laboratory (NSSL) in Norman, Oklahoma, and Willis Re, a global a re-insurance intermediary firm and risk advisor based in Minneapolis, Minnesota, recently signed a cooperative research and development agreement (CRADA).
NSSL and Willis Re will conduct collaborative research to improve estimates of hail size and coverage, allowing Willis Re to better quantify risks to people, property and agricultural interests.
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