By David Colmans
One of the most often asked questions by reporters after significant disasters such as the spring 2011 tornadoes is, “Are insurance rates going up?”
The question seems to be a natural conclusion when millions of dollars in damage occurs in any given community. What often surprises reporters is the answer.
The short answer is “no,” but other factors can cause confusion and misunderstanding.
A case in point: After the spring storms, the calls started coming about what will these multi-state disasters do to insurance rates?