Storms increase insurance rates, but is it justified?

As homeowners begin to pick up the pieces following the destruction of Hurricane Sandy, their focus turns to insurance. Echoing the situation on the east coast, the Minneapolis Star Tribune investigated the topic of homeowner’s insurance premiums following natural disasters in the state of Minnesota.

The Star Tribune found that rates were steadily hiked up 10-12% over the course of 2012, although the weather trends don’t necessarily justify the size of the increase.