As if the loss of NBA superstar Lebron James wasn't enough for Ohio, government regulators claimed this week that the Buckeye State has seen homeowner's insurance rates spike 9.7 percent in the last year.
While the state claims the sixth-lowest homeowners insurance premiums in the country, the rise in prices has state regulators concerned. Premiums jumped last year due to the severe weather that rampaged the state in 2008, notably from the remnants of what was Hurricane Ike. Insurance companies had to pay $1.4 billion in claims in Ohio from the storm alone, and needed to look for a way to recoup costs.



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