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Drought Fuels Nationwide Insurance Premium Shock
The drought crippling liability coverage drives 300 percent rate hikes for firms from Southern Missouri Towing to California day cares. Major insurers face losses, reserves drop, and cities struggle to obtain affordable coverage as courts widen policy interpretations.
MENTIONED IN THIS ARTICLE
Steve Scammell
GAF Corp
New Jersey
Herbert Smoot
Southern Missouri Towing
Mission Insurance Co
California
Michigan
Bill Hawkins
State Department of Social Services
Denver
Chicago
Mount Prospect
Jackson Township
N.J
Hartford Accident and Indemnity Co
James Chastain
Howard University
School of Business and Public Administration
Lloyd’s of London
John DiNuzzo
Skinflint’s
Albany
N.Y
Bill Dressel
New Jersey League of Municipalities
Dressel
Newport Beach
Calif
U.S. Conference of Mayors
Madison
Ind
Sykesville