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.
Topics Profit Loss Windstorm
Was this article valuable?
Here are more articles you may enjoy.
Grand Jury Indicts ‘Hole in Won’ Owner on Prize Insurance Fraud Charges 
Cargo Owners in Baltimore Disaster Face ‘General Average’ Loss Sharing, MSC Says 
California Sees Two More Property Insurers Withdraw From Market 
Harvard Study Again Stirs the Pot on Demotech Ratings of Florida Carriers 
