Life is a beautiful thing, but it’s also full of risks. Every day when we get out of bed, we face a world full of dangers. We can weather a lot of bad things in life, but not every bad outcome is something that we can handle on our own. A broken bone can be painful and expensive, but a serious illness can put even the most financially cautious people in debt. When some things in our home break down, we can reach into our pocket and pony up the…
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Home insurance is absolutely necessary for many homeowners since it offers suitable financial coverage when faced with damage, earthquake, storm, theft and much more. The problem is that most people believe this is not actually needed. Do not think like that. Home insurance offers some pretty clear benefits you need to take into account. At the same time, you need to be careful so that you can choose the home insurance policy that is the very best in your case. In order to make the best choice, here are some…
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Despite the risk that is present in that part of the country, very few homes and businesses are covered. Even though Californians live in a state that is known to be located on active fault lines, the vast majority of residents and business owners still are not buying earthquake insurance. This fact came into the spotlight as a quake shook the Napa Valley region over the weekend. Northern California was shaken by a 6.1 magnitude tremor early on Sunday, taking people in populated areas quite off guard. Fires started, buildings…
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BOSTON, Oct. 16, 2013 – According to catastrophe modeling firm AIR Worldwide, at 8:12:32 Tuesday morning (UTC), a magnitude 7.1 earthquake struck the central Philippines. The epicenter was located about 619 kilometers south southeast of Manila near the city of Catigbian on Bohol Island. The quake struck at a depth of 20 kilometers and caused widespread damage. The early morning timing of Tuesday’s temblor combined with the closure of schools and offices due to a national holiday likely mitigated the quake’s deadly impact. However, there are still many reports of…
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BOSTON, July 1, 2013 – Catastrophe modeling firm AIR Worldwide today announced that it has updated its Earthquake Model for Japan to include insights gained from the Great Tohoku earthquake of March 2011, which yielded a vast amount of ground motion data, damage observations, and detailed claims data. As a result, the AIR model represents the industry’s first and currently only comprehensive view of seismic risk in Japan post-Tohoku. In addition to capturing the complex seismicity of Japan and the changes that took place as a result of the Tohoku…
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