Earthquakes News

4.2 Magnitude Quake Recorded in Northern Oklahoma

A 4.2 magnitude earthquake shook part of Grant County in northern Oklahoma on Jan. 27. The U.S. Geological Survey says the 4.2 magnitude earthquake was recorded shortly before 10 a.m. about 13 miles south-southeast of Medford at a depth of …

Kansas Geologists Seek More Funding for Earthquake Monitoring

Kansas geologists say they need more funding to investigate an unprecedented spike in earthquakes in the state. Kansas Geological Survey Director Rex Buchanan told the House Energy and Environment Committee that about half a million dollars is needed to beef …

Oklahoma Supreme Court to Hear Oil Company/Earthquake Lawsuit

Oklahoma’s highest court has decided to hear a lawsuit that alleges two oil companies are liable for injuries a Prague woman suffered during a 2011 earthquake. The lawsuit by Sandra Ladra of Prague is among dozens of lawsuits filed in …

Experts: Steady Rate of Earthquakes in Oklahoma in 2014

After increasing rapidly over the past three years, the pace of earthquakes in Oklahoma held steady in 2014 at a rate higher than California and far higher than the historic average in Oklahoma. Oklahoma experienced 567 earthquakes of magnitude 3.0 …

Kansas State Official Links Quakes to Waste Water Disposal

A state group says a steep increase in earthquakes in south-central Kansas likely is caused by the disposal of waste water from an oil and gas extraction process often called fracking. The state recorded more than 120 earthquakes last year, …

Global Risk Investment May R!SE With U.N., Willis-Backed Initiative

There is opportunity in climate change. That’s the frown-upside down view being taken by at least one large insurance broker under part of a global initiative to heighten the awareness of global risk and investing opportunities. Operating under the umbrella …

More Earthquakes in Oklahoma in 2014 than in Past 30 Years

Officials say Oklahoma had more earthquakes last year than in the past 30 years. The U.S. Geological Survey says 567 earthquakes with magnitudes of 3.0 or greater were registered in Oklahoma, making it the most seismically active state in the …

Small Quakes Hit Area North of Los Angeles

Two small earthquakes have struck north of Los Angeles, shaking parts of Ventura and Los Angeles counties, but officials say there have been no reports of injury or serious damage. The U.S. Geological Survey says a magnitude-4.2 quake hit Saturday …

Christmas Quakes Rattle Parts of Central Oklahoma

Two earthquakes have rattled parts of central Oklahoma. The U.S. Geological Survey says a magnitude 3.8 earthquake struck in Logan County at about 2.30 p.m. on Christmas Day about three miles south of Guthrie and 30 miles north of Oklahoma …

A.M. Best Report: Last Resort Insurers Welcome Catastrophe Bond Market

The convergence market has provided an opportunity for entities that act as insurers of last resort to transfer some of their peak exposures to the capital markets, according to a Best’s Special Report titled, “Last Resort Insurers Welcome Relief From Growing Catastrophe …