Latest Earthquake Headlines
All the headlines from our Earthquake Topic Page, ordered by recency.
Moody’s Changes Calif. Earthquake Authority’s Bond Rating to Negative
Mar 16 2010 // Moody’s Investors Service announced it has affirmed the A3 rating on the California Earthquake Authority’s 6.169 percent fixed rate Series 2006-B revenue bonds (mature July 20, 2016) and changed the rating...
Strong Quake Rocks Central Japan
Mar 15 2010 // A strong earthquake hit off the eastern coast of central Japan on Sunday, rattling buildings across a broad swath of the country, including the crowded Tokyo capital. There were no immediate reports of damage or...
Calif. Earthquake Authority CEO Testifies In Support of Cat Insurance Bill
Mar 11 2010 // California Earthquake Authority CEO Glenn Pomeroy testified before the U.S. House of Representatives Subcommittee on Housing and Community Opportunity and Subcommittee on Capital Markets, Insurance, and Government...
Aftershocks Rattle Chile, as New President is Sworn In; RMS Analysis
Mar 11 2010 // Sebastian Pinera’s inauguration as Chile’s new president was accompanied by a blunt reminder of the peril the country faces from earthquakes as two large aftershocks struck just before the ceremony According to...
Swiss Re Estimates Chile Quake Loss at $500 Million; Xynthia $100 Million
Mar 10 2010 // Swiss Re released its preliminary estimates for losses from the magnitude 8.8 earthquake that hit Chile on February 27 – $500 million – and from European windstorm Xynthia – $100 million. Both estimates...
Report: Reno Has Good Chance of Big Quake by 2060
Mar 10 2010 // The chance of a significant earthquake rocking the Reno-Sparks, Nev., area over the next half century is on the rise, with a 67 percent likelihood a magnitude 6.0 will strike within 31 miles by 2060, a new report...
Bermuda Insurers, Reinsurers Oppose State Cat Fund Bill – HR 2555
Mar 9 2010 // The Association of Bermuda Insurers and Reinsurers (ABIR) has filed an opposition to HR 2555 which, the Association warns would “replace private sector risk bearing capital with government reinsurance and government...
Quake Hits Eastern Turkey; 58 Reported Dead; RMS Analysis
Mar 8 2010 // An earthquake, initially measured at magnitude 6.0, struck eastern Turkey early this morning, March 8, centered in the Province of Elazig. A report from Risk Management Solutions indicates that the U.S. Geological Survey...
A ‘Great Earthquake’ Strikes Chile; Insurance Doesn’t Pose Systemic Risks to the Economy; Berkshire Buys More Munich Re
Mar 7 2010 // February was a short month, but a deadly one. In addition to a massive earthquake in Chile, the Northeastern U.S. was hit by three blizzards; floods and mudslides ravaged the Portuguese island of Madeira and beleaguered...
Magnitude 6.4 Earthquake Shakes Taiwan; AIR, EQECAT Analysis
Mar 5 2010 // Catastrophe risk modeling firms AIR Worldwide and EQECAT have both issued bulletins analyzing the magnitude 6.4 earthquake that struck south central Taiwan Thursday morning at 8:20 a.m. local time. AIR noted that the...
Fitch Sees Chile Quake Losses Unlikely to Impact P/C Insurance Ratings
Mar 5 2010 // Based on preliminary analysis, Fitch Ratings said it believes that the Chilean P/C insurance industry “will likely be able to absorb losses from the earthquake and Tsunami that hit the central-south part of Chile on...
AIR Updates Analysis of Damages from Chile Earthquake
Mar 4 2010 // According to catastrophe risk modeling firm AIR Worldwide, a more complete picture of damages is beginning to emerge in the hardest-hit regions of Bio Bio and Maule, four days after the devastating Mw8.8 earthquake struck...
I.I.I.’s Hartwig Contrasts Impact of Chilean, Haitian Earthquakes
Mar 3 2010 // Why was he death toll over 200,000 when an earthquake struck Haiti, while so far less than 1000 people have died from the one that struck Chile, which was approximately 500 times more powerful? One of the answers lies in...
Catastrophe Firms Analyze, Estimate Losses from Chilean Quake
Mar 2 2010 // Catastrophe modeling firms Air Worldwide, Risk Management Solutions and EQECAT have all released preliminary analysis and estimates of the economic and the insured losses from the devastating 8.8 magnitude earthquake that...
Nevada Insurance Division Offers Earthquake Coverage Guide
Mar 2 2010 // Nevada may be the third most-active state for earthquakes after California and Alaska, but most homeowners don’t purchase earthquake insurance coverage. earthquake country, but what many people In light of Nevada...
‘Great Earthquake’ Strikes Chile; 700 Dead; 2 Million Affected
Mar 1 2010 // One of the strongest earthquakes ever recorded struck the central coast of Chile early Saturday morning, February 27. The U.S. Geological Survey (USGS) measured the magnitude at 8.8 with severe “shaking...
Earthquakes Should Prompt U.S. to Prepare Now, Says Safety Group
Mar 1 2010 // The tragedies of the recent earthquakes in Chile and Haiti serve as a reminder that parts of the United States are highly vulnerable to the devastating effects of this unpredictable natural disaster. While most Americans...
Missouri Governor: State Must Be Ready for Big Quake
Feb 22 2010 // Most experts believe it’s just a matter of time before another big earthquake strikes along the New Madrid fault line, and Gov. Jay Nixon says Missouri and neighboring states need to be ready. Nixon on Feb. 19...
A Recurrence of Recalls; ‘PIGS’ in a Poke; Lloyd’s Powers on; Haiti Now Faces Floods and Hurricanes
Feb 21 2010 // First Toyota, then Honda – who’s next? 2010 is not starting out as a good year for car companies. Japan’s Toyota Motor Corp. was already in the process of recalling approximately 8 million vehicles, due...
Abacus Insurance Offers Online Earthquake Deductible Buyback
Feb 18 2010 // Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through www.abacus.net, has launched an online program that enables homeowners to reduce the...
