Home Insurance Rate Hike Of 15% In Kansas
Kansas Insurance Department are receiving requests for home rate increase from insurers for 15%. Kansas has experienced record losses due to storm in the past 2 years and this is forcing insurance companies to request for a rate increase. It should be noted that rate increase for anything less than 12 percent is approved automatically. Kansas residents filed over 137,000 insurance claims worth over $600 million in 2009 of which the majority of the claims are for property damage. This was in a