Kansas earthquake insurance demand is on the rise

Kansas earthquake insurance

The recent 4.8 magnitude quake in the state is becoming an increasingly common event where it was once rare. Insurers and agencies in Kansas are reporting that they have been receiving a flood of inquiries with regards to earthquake insurance coverage, following last week’s tremor that was measured at 4.8 on the Richter scale. Traditionally, this has not been a state in which there has been all that much interest in that form of insurance policy. Employees of insurance offices, particularly in the Wichita area, have been reporting that they…

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Kansas Insurance Department struggles with financial woes

Kansas health insurance

State agency faces a troublesome financial issue that could cause regulatory problems The Kansas Insurance Department has encountered a serious financial problem. A trend in which state legislators would waive the fees that insurance companies must pay the Insurance Department has left the agency’s regulatory fund empty. Now, the agency is seeking approval from the Kansas Legislature to increase the fees that insurers must pay to operate in the state. Senate Bill 322 has been introduced in order to provide the agency with the power to increase these fees when…

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Insurance news from Kansas unveils Commissioner’s new team

Flag of Kansas health insurance news

The new top staffers for the state’s industry regulator have now been named. The latest insurance news from Kansas has announced that the commissioner for the state, Sandy Praeger, has just appointed a new assistant commissioner, as well as a general counsel, with a staff shuffle. These decisions followed the departure of the commissioner’s top deputy. The promotion from Praeger was given to Zachary Anshutz, who had previously been the general counsel and who is now assistant commissioner. Anshutz will be replacing the former assistant commissioner who has since left,…

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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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