Storms Appear To Influence Kansas Insurance Rates

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Reporter: Associated Press
Email Address: news@kake.com

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Kansas appears to be seeing the effects of tornadoes in June in its insurance rates.

The Kansas Insurance Department says that since July 1, premiums for homeowners insurance have risen about 5.8%.

Also, the agency says, automobile insurance premiums, not including coverage for motorcycles and recreational vehicles, have risen about 3.7%.

The Insurance Department estimates that June property and crop losses exceeded $396 million. Tornadoes in Chapman and Manhattan alone were blamed for $88 million in damage.

Spokesmen for American Family and State Farm say the storm losses are not solely to blame for the increases. Those losses will be absorbed over a period of years.

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Comments are posted from viewers like you and do not always reflect the views of this station.

Posted by: Anonymous on Nov 12, 2008 at 01:23 PM
Another way for the insurance companies to rob the people. Insurance is high enough already.How about the insurance companie lower the pay salary for their employee's

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