Earthquakes News

S&P: ILS Investors Could Get Burned as Covered Perils Expand, Terms Widen

The catastrophe bond market will continue to grow by 10 to 20 percent per year, driven in part by the increase in covered perils and the broadening of event definitions, according to a report published by Standard & Poor’s. But …

Nevada Hit by More Than 5,000 Earthquakes in Past Year

Seismologists say a year-long swarm of earthquakes in northwest Nevada could be linked to volcanic activity. The University of Nevada’s Reno Nevada Seismological Laboratory announced this week that there have been 5,610 earthquakes in the swarm that started in July 2014 …

Global Insured Cat Losses in First Half Are Below Long-Term Average: Munich Re

Overall losses and insured losses from natural catastrophes during the first half of 2015 were below long-term average values, according to a review of global natural catastrophes issued by Munich Re. Total natural catastrophe losses incurred in the first half …

Colorado Commissioners Move Injection Well Proposal Forward

A company is closer to putting an injection well online with approval from commissioners in a northwest Colorado county. The Rifle Citizen Telegram reported Garfield County commissioners gave the go-ahead this week to a land use application from Ursa Resources …

California Assembly Advances Earthquake Safety Bills

The California Assembly is advancing a pair of bills designed to help buildings withstand earthquakes. The legislation approved unanimously this week would expand financial incentives for seismic retrofits. AB428 would establish a 30 percent tax credit to help cover the …

M5.8 And M5.5 Quakes Strike Off Oregon Coast, No Damage

Two sizeable earthquakes struck off the coast of Oregon on Monday but officials say no tsunamis were triggered. A magnitude 5.8 earthquake struck at 12:52 a.m. and a second quake measuring magnitude 5.5 hit at 4:46 a.m. Monday morning. Paul …

Swarm of Small Quakes Shake Southern California Desert

A swarm of small earthquakes have struck a sparsely populated area of the Southern California desert, but there were no reports of any damages or injuries. The first, a magnitude-4.0 quake, struck at 8:15 p.m. Wednesday at the edge of …

Quakes From Hawaiian Volcano May Signal New Eruption

A series of earthquakes and shifting ground on the slopes of Kilauea have scientists wondering what will happen next at one of the world’s most active volcanos. A lake of lava near the summit of Kilauea on Hawaii’s Big Island …

Coalition Wants Well Moratorium in Oklahoma Earthquake Areas

A coalition of environmental and grassroots organizations is calling for a moratorium on the use of wastewater disposal wells by the oil and natural gas industry in areas where they may trigger earthquakes. Members of the coalition traveled to the …

Scientists Say Drilling at Oil Field Not a Factor in Southern California Quakes

Scientists say the earthquakes to hit central Los Angeles recently have not been related to Inglewood Oil Field drilling. The Los Angeles Times reported Sunday’s light earthquake was the third in three weeks along the Newport-Inglewood fault, which caused a …