Tag: Kansas

Massive tornado bodes ill for homeowners insurance in Oklahoma and Kansas

S.Vagus
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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Flood insurance premiums in Kansas are on the rise

Flood Insurance

Poorly constructed levees cause rise in flood insurance coverage Residents of Topeka, Kansas, could be paying more for their flood insurance policies due to poorly designed levees along the Kansas River, which may also be keeping many businesses from coming to the city. These levees were built between the 1950s and 1960s, when it was considered an adequate construction practice to include wooden parts into the levees themselves. Within a decade of their construction, these wooden parts began to rot due to their exposure to water, thus making the levees…

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Oklahoma lawmakers look to expand liability protection to shelter providers

Lawmakers seek to provide comprehensive liability protection insurance… Last weekend, a number of powerful tornadoes swept through the state of Oklahoma, as well as its neighbors. According to the National Weather Service, 75 tornadoes touched down throughout the Midwest, many of which caused rampant damage throughout the region, especially in Oklahoma, where a powerful tornado claimed six lives. The total damage of the tornado outbreak is still be assessed by the insurance industry, but the event has spurred Oklahoma lawmakers to develop a comprehensive liability protection policy to help shelter…

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Tornadoes in Oklahoma and Kansas claim lives and cause damage to property

S.Vagus
Oklahoma-tornado-insurance-news

Damages from recent tornadoes that ripped through Oklahoma and Kansas. Powerful tornadoes tore through the states of Kansas and Oklahoma over the weekend, causing significant damage to businesses and homes as well as claiming lives. The National Weather Service claims that the weather system responsible for the disasters created more tornadoes in one day than either Kansas or Oklahoma would normally see in the month of April. Insurers have been working in cities affected by the tornadoes, hoping to mitigate any further damage and to process claims quickly to help…

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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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