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Insurance rates in tornado-hit areas expected to rise

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Shirley Deakins talks about the black mold that has grown in her Baker Street home since the April 27, 2011, winds knocked a tree into her home. / Angela Lewis. CTFP. Shirley Deakins talks about the black mold that has grown in her Baker Street home since the April 27, 2011, winds knocked a tree into her home. / Angela Lewis. CTFP.
CHATTANOOGA -

(Times Free Press) - There's a not-so-hidden cost to the tornadoes that struck the Southeast on April 27.

Insurance agencies nationwide paid out more than $25 billion to repair damage caused by tornadoes and thunderstorms in 2011, more than double the previous record.

Now, insurers are gearing up to raise rates up to 18 percent in 11 states, including Alabama, Georgia and Tennessee, according to the Consumer Federation of America.

Read more of this story from our news partners at the Chattanooga Times Free Press.

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