Posted by Kent C on April 01, 2002 at 17:24:56:
I just made a few more calls. It seems the Insur companies have to request from each state for rate increases. A source I found said in Oklahoma Allstate has been hit the hardest and requested a 48% increase, the highest requested of the big 3 here for residential. These being Allstate, State Farm and Farmers. The others 2 of the aforementioned have been requested increases too. They verified several smaller names will be dropping customers in this region, prefering businesss in less weather tramatic areas. Shelter ( A big name regionally) said they are not pulling out and have not filed for a rate increase (but said that does not mean they wont later in the year).
Reasons here are not being sited as NY. They are siting our own weather problems.