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A look at the uncertain future of homeowners insurance in Minnesota

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A look at the uncertain future of homeowners insurance in Minnesota


MINNEAPOLIS — Tuesday’s severe weather left damage across Iowa and southern Minnesota. Each time we get weather like this, the damage adds up and so do the insurance costs.

Minnesota insurance companies have lost money six out of the last seven years. The main culprit: hail. 

Last August’s hail storm here caused $1 billion in damages. With mounting losses for insurance companies, there is an increasing risk of insurers deciding to pull out of our region.

“The effects of climate change are really having their most direct and financial impact to people as it relates to insurance,” said Aaron Cocking, the president of the Insurance Federation of Minnesota.

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Homeowners insurance rates have soared. In Iowa, insurers are not renewing policies leaving homeowners like Dave Langston of Cedar Rapids searching for new coverage.

“We got a notification in January of this year, that Pekin insurance, who was our insurer, was going to withdraw from the Iowa market,” said Langston.

He finally found new insurance but it came with a steep price. The association’s previous insurance was $18,500 while the new insurance is now $26,500, an increase of 43%.

Langston warned Minnesotans this could happen here.

“I think that everybody needs to be aware that that the Midwest is coming under scrutiny as a potentially poor investment for insurance companies,” said Langston.

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Minnesota has joined high risk states, like Florida, in creating a state-backed high-risk insurance product called FAIR — an insurance of last resort.

“We’ve had our FAIR plan in place for quite some time. Some states didn’t have that,” said Grace Arnold, the Commerce Department’s commissioner. 

WCCO’s Director of Meteorology Mike Augustyniak believes warming global temperatures are a factor.

“We know from eighth grade science that the more you warm an air mass the more moisture it can hold. We are increasing the amount of moisture that is in the air. The question of other factors that form severe weather, how are they changing? That’s the piece where we are not sure,” said Augustyniak.

Talking Points airs every Wednesday and Thursday at 6:30 p.m. and 9:30 p.m., live on CBS News Minnesota.

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NOTE: Above is a preview of Talking Points presented on “The 4.”



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Final: Mariners 3, Twins 2: Minnesota Misplays Cost A Victory

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Final: Mariners 3, Twins 2: Minnesota Misplays Cost A Victory


Box Score
SP: Bailey Ober 6.0 IP, 2 H, 1 R, 1 ER, 3 BB, 9 K (88 pitches, 59 strikes)
Home Runs: Carlos Correa (9)
Bottom 3 WPA: Christian Vazquez (-.214), Griffin Jax (-.212), Cole Sands (-.196)

Win Probability Chart (via FanGraphs)

Ober, Correa, Go Deep
Through the first five innings of the game, Minnesota and Seattle struggled to get much of anything going offensively. The Twins managed just three hits with the Mariners recording a pair. It wasn’t until the bottom of the fifth inning that Josh Rojas doubled to score Mitch Haniger. He should have been out by 20 feet, but Christian Vazquez booted Willi Castro’s relay to the plate.

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The Twins had a quick response when Willi Castro provided a sixth inning baserunner by again getting hit by a pitch. Carlos Correa, back in the lineup after being hit on Thursday, just like he said he would be, launched a two-run dinger. His ninth blast of the season made it a 2-1 game. 

Bailey Ober turned in another great start, and his one allowed run came on two hits and a trio of walks. He struck out nine and turned it over to Jorge Alcala.

Jax Jumped Late
Griffin Jax took over for the eighth inning and needed to hold the slim lead. Walking Haniger to start the inning, Luke Raley came on to run. A throwing error by Jose Miranda allowed him to score and the game was tied late. Intentionally walking Cal Raleigh, before getting Mitch Kepler to fly out. Dominic Canzone struck out and the Twins needed to win it in the ninth inning.

Jhoan Duran took over for the bottom half after the Twins couldn’t score. Seattle pushed runners to second and third with just one out, but got a strikeout of Rojas before J.P. Crawford flew out to end the inning. He didn’t touch more than 100.3 mph on the night, but made it work.

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On To Extras
Facing Ryne Stanek with Miranda starting at second base in the tenth, Max Kepler began the frame with a fly out. Manuel Margot moved the runner with a fly out, but the Twins were working with two outs. Christian Vazquez grounded out and dropped his OPS to a truly astonishing .465. Beyond giving up the first run, and continuing to be an automatic out at the plate, he has become a substantial problem for Minnesota.

Cole Sands came on for the bottom of the tenth inning and Julio Rodriguez moved Crawford to third base for the first out. Raleigh grounded back behind Sands and Crawford raced home to walk it off for the Mariners.

Correa was the only player to record a pair of hits with Minnesota totaling just six on the evening. The Twins struck out only four times but didn’t draw a walk. Bad defense down the stretch was the story that sank Rocco Baldelli’s club.

What’s Next? 
Pablo Lopez starts for the Minnesota Twins, and gets to do so at a place in which he always enjoyed seeing fellow Venezuelan Felix Hernandez’s Kings Court. He’ll be opposed by the Mariners Bryce Miller.

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Postgame Interviews

 

Bullpen Usage Spreadsheet

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Timbers look to keep momentum going as they host Minnesota United FC | PTFC

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Timbers look to keep momentum going as they host Minnesota United FC | PTFC


It’s Pride Night, presented by adidas, as the Portland Timbers (6th, 7-7-6, 27pts) – unbeaten in their last six matches – host Minnesota United FC (5th, 6-6-5, 29pts) on Saturday night at Providence Park at 7:30pm PT.

Viewing/Broadcast Details

🖥️ TV/Streaming: Live coverage available in English and Spanish on MLS Season Pass on Apple TV. Enjoy 25% off for the rest of the season when you subscribe today.

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Match Details | All You Need To Know ↓

🏳️‍🌈 Pride Night: Purchase a special Timbers Pride T-shirt! Available only at PTFC Authenics locations at Providence Park, proceeds benefit Wild Diversity and their work to present a personal connection to the outdoors for Black, Indigenous, and all People of Color and the LGBTQIA2S+ communities. Additionally, Kourtni Capree Duv will be singing the national anthem as well as joining drag collective Hot Chocolate PDX for a special pregame performance outside Gate F from 5:45pm-6:15pm PT.

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The Opponent: Minnesota United FC (5th, 6-6-5, 29pts)

The Loons arrive in the Rose City in need of a result to right their ship. They’re winless in their last four outings and have suffered three straight defeats. In fact, since beating the Timbers on May 18 they have dropped their form into a 1-4-2 stretch over that span. Head coach Eric Ramsay has stuck with a 3-4-3 formation in their last two games, despite not registering a point.

A lot of the finishing responsibility will fall on the shoulders of midfielder Robin Lod as he continues to push The Loons offense with 15 goal contributions (5g, 10a) this season. Canadian striker Tani Oluwaseyi leads the way in scoring with 7 tallies (to go with 4 assists), however he is out on international duty with Canada at the Copa América. In the midfield, winger Joseph Rosales has been a jack-of-all-trades for Minnesota – taking on the left-side of the pitch both offensively and defensively he’s delivered five assists already and leads the team in interceptions per game at 2.7. Ceterbacks Michael Boxall and Miguel Tapias hold the backline with veteran goalkeeper Clint Irwin likely inbetweeen the posts with Dayne St. Clair’s international duty absence.

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Notes & Numbers

Home Sweet Home

In their last five matches at Providence Park, the Timbers have become increasingly assertive and are racking up the points. Following the loss to Seattle, the Timbers won two-straight, settled for a draw with Houston, and then defeated Vancouver making Providence Park a home sweet home.

#14

Timbers #14 Jonathan Rodriguez is currently riding an impressive stretch of form. He’s recorded a goal contribution in seven of his last eight matches and nine of his last 11, providing seven goals and three assists.

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Since 5/18

The Timbers seem to have turned things around following their defeat at Minnesota in mid-May. Since May 18, Portland is undefeated with a 4-0-2 record with a +6 goal differential to show for and are on their longest unbeaten streak this year.

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After 20 matches, the offensive load has been distributed nicely across the Timbers attack. Portland are the only club in MLS with three or more players with eight or more goals this season.





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Terrence Shannon Eager To Play Alongside Minnesota Timberwolves Star Anthony Edwards

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Terrence Shannon Eager To Play Alongside Minnesota Timberwolves Star Anthony Edwards


Terrence Shannon was the primary scoring option the past two seasons for the Illinois Fighting Illini.

Those will only have to serve as fond memories during his rookie NBA season. He enters as perhaps the third, fourth or even fifth option his first year with the Minnesota Timberwolves.

The T-Wolves already have their superstar in guard Anthony Edwards, the No. 1 pick in 2020. So Shannon just wants to learn much as possible. He was drafted No. 27, becoming the Illini’s first player picked in the first round since Meyers Leonard in 2012.

“Ant is an amazing player,” Shannon said. “He’s one of the best two-way players in the NBA. That’s something I’m looking to do. I’m looking to be there right with him, compete with him, lock down the best players in the NBA.”

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Edwards had the young Timberwolves two victories from making the NBA Finals. They lost to the Dallas Mavericks 4-2 in the Western Conference finals. With Edwards and Karl-Anthony Towns as the offensive leaders, the Wolves will look for defense and secondary scoring from Shannon in the beginning.

The Wolves drafted Shannon because they feel he could be the missing piece to help them reach the next level.

“I think he’s a three-position defender,” Wolves team president Tim Connelly said. “I think he’s an unbelievably competitive guy. He’s got size. Another downhill guy who’s going to play with pace.”

Shandel Richardson is the publisher of Illini Now. He can be reached at shandelrich@gmail.com

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Twitter: @IlliniNow



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