I want the major candidates – Obama, Romney, Kaine, Allen – to explain my homeowners insurance mailing last month. Travelers – that friendly red umbrella company – sent me a terrifying color flier with my bill. It depicted an all-American home (two stories, garage) with ominous storm clouds bearing down on it and a full-blown tornado roaring toward a direct strike. Millions of customers like me got this you-could-be-Dorothy-in-Kansas-soon image under this headline: “How the Property Insurance Marketplace is Evolving.”
Evolving? How? Well, next to the twister about to hit the house, Travelers lists some raw stats on the flier: Federal natural disaster declarations set a record in 2011. Thunderstorms alone cost $25 billion, doubling the previous annual mark. And winter storm losses have almost doubled since the 1980s.