Some of those devastated by last week’s storms could be parting ways with their current insurance company by the company’s choice. State Insurance Director Scott Lakin says it does bother him some companies might pay out and then cancel the insurance policy based on just this one event. Lakin says he is appealing to insurers to not cancel policies. He says there could end up being more of a spreading of the risk as companies raise rates to make up for losses even for areas not affected by the storms. State insurance officials say, right now, we’re seeing about $400-Million in insured damages across the state. That doesn’t include damage to uninsured and government buildings.
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