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Storm losses give Nebraska 2nd-highest home insurance rate spike, analysis says [Video]

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Small Business Lifestyle

Over the past year, Nebraska saw the nation’s second-highest increase in homeowners’ insurance rates, an analysis found.

And that’s in a state that already tends to have among the highest home insurance rates in the country, largely driven by the propensity for the state to get socked by hail, tornadoes and other damaging severe weather.

Rep. Mike Flood on Friday cited the analysis in proclaiming Nebraska is facing a home insurance crisis. He said he plans to pull together a state working group to see what can be done about it this fall.

“In the last couple of weeks, severe weather events have once again ripped through our communities, leaving damage that will only put more upward pressure on the cost of home insurance,” Flood said. “We need to tackle this problem and do so quickly.”

Omaha insurance agent Pat Lemmers said he’s not surprised that a study would show …

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