Earthquake insurance may soon be more important than many Californians realize

sink hole earthquake insurance

A new scientific report has shown that the state will nearly definitely be hit by a massive quake inside three decades. The results of a new U.S. Geological Survey are now showing that earthquake insurance could become one of the most important investments that the residents of California can purchase in order to protect themselves. The scientific report has shown that before 30 years have passed, the state will see a mega-quake almost definitely. The industry has been warning about the importance of earthquake insurance, particularly areas along the San…

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Magnitude 6.9 Earthquake Strikes Peru’s Central Coast

BOSTON, Oct. 29, 2011 — According to catastrophe modeling firm AIR Worldwide, a magnitude 6.9 earthquake occurred near the coast of central Peru today at 18:54 UTC (1:54 pm local time). According to the United States Geological Survey, the quake occurred at a depth of approximately 20 miles. Current indications from the USGS Centroid Moment Solution suggest that this was a subduction event in the collision zone between the Nazca oceanic plate and the South American continental plate. The epicenter was about 180 miles (286 kilometers) south-southeast of the capital…

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