Kansas insurance officials warned this year’s enormous costs
It was a bad weather year, and we’ll probably for them to pay the State Insurance Top official said Monday.
Since October Wichita, the region has a high tide, two smaller, a large tornado and a little tornado. Many Kansas Sunday was damaging hail of blows. And insurance companies have been officially trying to keep the claims.
Although businesses expect, and for some catastrophic losses, 3 Tornado May alone, resulting in an estimate of ~ $ 140 million to 146 million in damage, is “big enough”, said Commissioner of Insurance Kansas Kathleen Sebelius.
“I think the loss of this magnitude, it is likely that some impact on the future (insurance) prices,” she says.
Companies have to justify any increases, showing the Commissioner Office for the loss of specific data, she said. But it is also a risk rate in undercharging.
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