Weather related claims and your homeowners’ insurance premiums: They are linked!

Monday, November 19th, 2012 Property

Many Minnesota homeowners have been surprised this year to see a significant premium increase when they open their homeowner’s insurance statement. Some recent news articles have explored why. While average auto insurance premiums have been trending down over the last few years thanks to safer cars, fewer miles driven and far fewer accidents, homeowners’ insurance rates have done the opposite. After decades of being a low cost state for property insurance, we’ve made a dramatic turn in the wrong direction. Thankfully, there are ways to reverse this trend through simple legislative changes that most other states have already enacted.


Claims Pages Staff Writers are dedicated professionals covering a broad spectrum of insurance topics, including auto, catastrophe, education & training, fraud, legislation, liability, life & health, litigation, property, risk management, technology, underwriting, and workers' compensation. With over 25 years of distribution, our publication brings you accurate and timely information to keep you informed and ahead in the claims industry.


External References & Further Reading
http://www.grandrapidsmn.com/opinion/article_9625aa56-3025-11e2-826a-0019bb2963f4.html

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