Kan. Storm Losses Exceed $215M
Kansas Insurance Commissioner Sandy Praeger said the 2003 storm season in Kansas produced more than $215 million in losses of insured property and crops during April through June.
“We saw a lot of damage in a relatively short amount of time,” said Commissioner Praeger. “Unfortunately, I expect the loss estimate to increase when we receive reports for the month of July.”
Statewide property damage estimates for the month of June are $83 million, while crop damage for the month is estimated at $5 million.
“For the most part, I’m pleased with how insurance companies have responded to consumers’ losses,” Praeger said.
Popular Today
- Verisk: A Shift to More EVs on The Road Could Have Far-Reaching Impacts
- PE Firm Cornell Sued Over $345 Million Instant Brands Dividend
- McKinsey in Talks to Pay More Than $600M to Resolve Probe, Sources Say
- Gunmaker Sig Sauer Must Pay $11 Million Over Pistol That Fired Accidentally
Popular This Month