It's not somebody making a huge amount of money. Basically, claims have gone up. Why have claims gone up? Two reasons. Hail and fire. Now, they're in that order in terms of importance. About two thirds of the increases in people's homeowners insurance are due to increased hail damage. About one third of the increases are due to fire. Now, a lot of people instinctually think fire because it's a lot more dramatic. (01:18–01:25)
CLAIM
Asserts that hail damage accounts for two-thirds of the insurance rate increases.
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