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Extreme Weather’s Impact on Minnesota Property Insurance

For decades through the mid to late 1900s Minnesota’s property insurance market was stable, but one year changed that.

Three major storms struck Minnesota in 1998 causing more than $1.5-billion in insured losses which was more than the previous 40 years combined!

Since then, there has been year after year of increasing storm damage, causing a large increase in property insurance premiums.

The Insurance Federation of Minnesota has prepared a PowerPoint presentation with more details.