[JourneyOfLife]

Probably several reasons for the increases.

Some might be:

1. Their Claims Experience (more claims than the actuaries modeled in the products)
2. Their profitability
3. New Weather Pattern Studies (increased risk)
4. Bonds! Insurance Companies hold huge amounts of high grade bonds. Yields have been low for several years. As rates rise their current holdings will be worth less (lose value... mark to market)
5. Perhaps the sinkhole risk