Each time the Midwest is hit with severe weather, the damage adds up and so do the insurance costs. In Talking Points, Esme Murphy explores how insurance companies are looking at how they can make up for all those payouts.
Murphy spoke with Dave Langston, a Cedar Rapids homeowner, Professor Andrew Whitman with the Carlson School of Management, Aaron Cocking, the president of the Insurance Federation of Minnesota, Grace Arnold, the Commerce Department’s commissioner. and WCCO’s Director of Meteorology Mike Augustyniak.
0:00 Potential insurance company pullout
1:19 Homeowner scrambles after insurer drops them
5:42 History of insurance industry disruptors
9:44 Heading toward an “uninsurable future”
14:24 State’s high risk insurance pools
19:29 Insurance exodus due to extreme weather
READ MORE: https://www.cbsnews.com/minnesota/news/uncertain-future-of-homeowners-insurance-in-minnesota/
#news #homeownersinsurance #weather
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