Lightning losses climb as average claim size shrinks

Claims for damage caused by lightning and electrical surges rose
in the US last year but the average cost fell compared with 2015,
the Insurance Information Institute said.
Lightning led to $825mn in paid claims last year to over 100,000
insureds, the New York-based non-profit organisation said, citing a
study done with State Farm. The payout climbed 4.5 percent from
2015.
But the number of claims rose even more, 9.97 percent, to about
109,000, the Institute said, and more than...