Latest Earthquake Headlines
All the headlines from our Earthquake Topic Page, ordered by recency.
Van Wagoner Entering Oklahoma Commercial Earthquake Market
Nov 16 2011 // Texas-based managing general agency, Van Wagoner Companies, plans to begin selling “monoline” commercial earthquake insurance as a surplus line in Oklahoma, the Oklahoma Insurance Department announced. Van...
Kansas Earthquake Risk Rated Low
Nov 15 2011 // When it comes to the threat of damage and chaos from disasters in Kansas, earthquakes rank nearly at the bottom of the state’s list of concerns. Earthquakes rank 21st out of 22 potential hazards listed in the...
Agents Say Arkansas Earthquake Insurance Sales Up
Nov 15 2011 // Insurance agents say the recent 5.6 magnitude earthquake in Oklahoma has led many Arkansans to add earthquake insurance to their homeowner policies. The Nov. 5 quake east of Oklahoma City left damage over a wide area and...
Best Issues Special Report on New Zealand’s Non-Life Insurance Market
Nov 14 2011 // A new report from A.M. Best examines New Zealand’s non-life insurance market, which it describes as being “in a state of transformation as it grapples with prolonged earthquake activity in addition to...
Oklahoma Lawmaker: State Needs to Review Earthquake Issues
Nov 8 2011 // In light of the increasing number and severity of earthquakes in Oklahoma, state Rep. Mike Shelton said lawmakers need to review disaster preparedness-and-response policies. “I represent much of eastern Oklahoma...
Not Much Earthquake Insurance Sold in Oklahoma
Nov 8 2011 // About $6.7 million in earthquake insurance is written annually in Oklahoma, state insurance regulators say. Only about 1 percent of homeowners carry earthquake insurance — earthquake damage typically is not covered in...
Numerous Aftershocks Follow 5.6 Magnitude Earthquake in Central Oklahoma
Nov 7 2011 // Central Oklahoma on Nov. 6 experienced dozens of aftershocks following a magnitude 5.6 earthquake that hit late in the evening on Nov. 5 and the magnitude 4.7 tremblor that occurred earlier on the same day east of Oklahoma...
California Earthquake Authority Keeps “A” Ratings
Nov 7 2011 // Fitch Ratings has affirmed the “A” rating on California Earthquake Authority’s outstanding fixed-rate revenue bonds, which mature on July 1, 2016, citing the organization’s ability to cover losses...
Tremors in Oklahoma a Reminder to Check for Quake Coverage
Oct 31 2011 // Recent minor earthquakes have rattled Oklahoma homes and businesses; seven tremors have been reported in the state during the month of October. Yet there are cracks in the insurance policies of many Oklahomans, according...
AIR Gives Preliminary Analysis of Peru Quake Losses
Oct 31 2011 // In a bulletin released shortly after the earthquake in Peru, Catastrophe modeling firm AIR Worldwide said that “given the relatively sparse population in the epicentral area and the fact that insurance penetration is...
AIR Estimates Turkey Insured Quake Losses at $56.5 to $170 Million
Oct 26 2011 // Catastrophe modeling firm AIR Worldwide estimates that insured losses from the magnitude 7.2 earthquake that struck eastern Turkey Sunday, October 23rd, near the city of Van, will be between 100 million TRY ($56.5 million)...
UPDATE: Turkey Quake Toll Mounts; Rescue Work Continues; AIR Analysis
Oct 25 2011 // As rescue workers continued their efforts to find survivors in the debris from collapsed buildings, the death toll from Monday’s earthquake continues to rise. Local officials have said that 279 bodies have been...
200 Dead, More Missing, as 7.2 Quake Collapses Buildings in Eastern Turkey
Oct 24 2011 // The latest news reports have put the death toll at more than 200 with over 1,000 injured as a strong magnitude 7.2 earthquake struck eastern Turkey at 10:41 UTC (1.41 pm local time) near the city of Van in Eastern Turkey....
Fitch Affirms California Earthquake Authority’s ‘A’ Ratings
Oct 21 2011 // Fitch Ratings has affirmed the “A” rating on California Earthquake Authority’s outstanding fixed-rate revenue bonds, which mature on July 1, 2016, citing the organization’s ability to cover losses...
ShakeOut in West May Raise Disaster Awareness
Oct 20 2011 // Today may be a good day to sell disaster insurance in the Western United States. A massive earthquake drill set for 10:20 a.m. PDT today is designed to raise awareness of the disasters that can be posed by a massive...
California Rep. Bill Would Lower Earthquake Insurance Costs
Oct 17 2011 // California’s U.S. Rep. John Campbell (R) recently introduced legislation similar to a bill introduced by U.S. Sen. Dianne Feinstein (D) earlier this year that would strengthen the nation’s natural disaster...
FEMA Denies Virginia Earthquake Disaster Aid
Oct 11 2011 // The Federal Emergency Management Agency has denied Virginia’s request for aid for individuals whose property was damaged by the Aug. 23 earthquake. Gov. Bob McDonnell announced the agency’s decision last...
California ShakeOut Registers 8 Million-plus
Oct 7 2011 // The Great California ShakeOut earthquake drill has amassed over over 8 million participants, according to its organizers. The event, set for Oct. 20 at 10:20 a.m., has surpassed the 2010 record of 7.9 million registrants,...
California Rep Introduces Earthquake Insurance Affordability Act in House
Oct 7 2011 // California’s U.S. Rep. John Campbell (R-48), who today introduced H.R.3125 – companion legislation to S.637 introduced by U.S. Sen. Dianne Feinstein earlier this year. Both bills would strengthen the...
California Earthquake Authority Inks Risk Deal Sans Reinsurance
Sep 30 2011 // The California Earthquake Authority (CEA) has completed what it called a “first-of-its-kind transaction,” taking reinsurance out of the equation and opening “a more direct path” to transfer...
