Earthquake insurance is gaining more attention in Kansas

Earthquake Insurance

Recent quake leads to spike in interest for insurance coverage Demand for earthquake insurance is on the rise in Kansas. The state’s insurance agents are reporting that more people are becoming interested in coverage for natural disasters. Since a 4.8 magnitude earthquake struck the state last week, several insurance agencies have been receiving queries about the type of coverage they have to offer that can protect against such disasters. This new trend represents the most significant attention that earthquake insurance has received in the state in recent history. State is…

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Homeowners insurance rates in Kansas are on the rise

homeowners insurance

Insurance is growing more costly due to natural disasters in the past Kansas homeowners insurance rates are on the rise and it may be because of storms in the past. In 2011, the state suffered the most financial damaging storm season it has ever seen. An outbreak of tornadoes and hundreds of hailstorms punished Kansas, causing an estimated $1.1 billion in insured losses. The majority of these losses came from damage to homes and properties and 2011 accounted for the costliest financial blow that the state’s insurance sector had ever…

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Massive tornado bodes ill for homeowners insurance in Oklahoma and Kansas

Oklahoma tornado damage - homeowners insurance industry

Homeowners insurance claims teams deployed to states affected by disaster What is being called the worst tornado disaster in world history has caused havoc in Oklahoma and Kansas this week. A powerful tornado has touched down in Oklahoma, causing significant damage in Oklahoma City. Initial reports suggest that the tornado demolished an elementary school in one part of the city before moving on an causing more damage to surrounding properties. Farmers Insurance is one among several companies that have deployed claims teams to help manage the impact of the disaster…

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Shawnee County, Kansas, looking to obtain affordable earthquake insurance in wake of recent seismic events

 With some unexpected earthquakes striking the U.S. late last year, some state officials are beginning to take earthquake insurance more seriously. In Shawnee County, Kansas, officials are looking into the benefits of insurance coverage after the county was shaken by several aftershocks stemming from the November earthquake in Oklahoma. Another quake in Topeka, Kansas, furthered concerns as damage was done to some homes and vehicles. County officials have tasked the county’s insurance broker to find affordable coverage that could mitigate further disasters. Recent earthquakes have caused the price of property…

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Two new Kansas car insurance bills become law

Two new bills have been signed into law in Kansas that will make changes to the state’s auto insurance regulations. The first imposes a strict limit of the recovery rights of uninsured motorists. The second prohibits cities from levying charges against drivers and their insurers for any emergency response services required after an accident. The bills were signed into law by Governor Sam Brownback, a supporter who believes they will benefit both insurers and residents. The first law, passed late last week, is referred to as “no pay, no play”…

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