Homeowners devastated after major insurers hike rates due to weather changes: 'A lot of people are denied coverage'

Homeowners devastated after major insurers hike rates due to weather changes: 'A lot of people are denied coverage'

Oklahoma homeowners have been hit with higher insurance rates as the combination of more severe storms and inflation takes its toll.  What's happening? KOCO 5 News reported that severe storms producing tornadoes and hail have increased in the past few years, leading to more damage and surging home insurance rates.  Oklahoma Insurance Commissioner Glen Mulready explained that costs for a new roof rose by 30% over 18 months due to the intense stor…