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KCAMP warns of rising reinsurance costs; Ellis County keeps $50,000 storm deductible
Summary
A KCAMP representative told the Ellis County Commission that convective storm losses and reinsurance market changes are driving rate and deductible pressure; commissioners opted to keep the county's $50,000 per-occurrence property deductible for 2025.
A representative from KCAMP (the Kansas Association of Counties pool) briefed the Ellis County Commission on Dec. 17 about rising reinsurance costs and coverage changes the pool is implementing. David Luke, KCAMP regional representative, said convective storms — wind and hail events — have increased losses and pushed reinsurers to demand higher deductibles and other coverage changes.
Luke told the commission the pool has absorbed some market pressure to avoid per-location percentage deductibles that commercial reinsurers had been asking for, and that KCAMP is favoring targeted measures to encourage preventative maintenance rather than blanket reductions in coverage. He said one specific change will be to depreciate roof recoveries (pay actual cash value rather than replacement cost) when roofs are…
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