In the first half of 2009, insured property losses from natural disasters topped $11 Billion.  Of those losses, thunderstorms led the way by causing more than $6 Billion in insured property losses in the first half of 2009.  Interestingly, while thunderstorms generate a wide variety of types of losses –  from wind to water – losses due to lightning are continuing to rapidly increase.  According to the Insurance Information Institute, in 2008, lightning losses exceeded $1 Billion for the first time.  "The reason for this, we believe is the fact that homes are absolutely loaded with electronics today.  That part of the loss, particularly with homeowners but also businesses, is growing very, very rapidly." 

The Insurance Information Institute also noted that

The industry remains well capitalized despite the financial crisis, despite the recession, and despite last year’s catastrophe losses.  In other words, it’s a very resilient industry that is designed to withstand major catastrophes and market crashes simultaneously.  Insurance markets continue to operate normally, and the industry’s promise to pay remains intact.