Finding Home Insurance At The Best Possible Time

homeowners insurance

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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Earthquake insurance policies held by as few as 6% in Napa, California

sink hole earthquake insurance

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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Strong M7.1 Earthquake Strikes the Central Philippines: AIR

Earthquake Insurance

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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AIR Releases Comprehensive Japan Earthquake Model Update following Tohoku

Japan Earthquake Insurance 2011

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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Powerful M7.8 Earthquake Strikes Iran-Pakistan Border

  According to catastrophe modeling firm AIR Worldwide, just after 3:00 p.m. local time (10:44 UTC) on April 16, a powerful M7.8 earthquake struck… a sparsely populated area of southeastern Iran about 50 kilometers (30 miles) from the country’s border with Pakistan. According to the United States Geological Survey (USGS), the earthquake struck at a depth of 82 kilometers (51 miles). The Iranian Seismological Center characterized the quake as the worst to strike the country in 40 years. It was felt as far away as New Delhi, India, and the…

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M6.3 Earthquake Strikes Iran Coast near Nuclear Plant, Minimal Insured Losses Expected

According to catastrophe modeling firm AIR Worldwide, this morning, an M6.3 earthquake struck 55 miles southeast of Bandar Bushehr near Iran’s southwest coast, however insurance losses are expected to be minimal. According to the United States Geological Survey (USGS), the earthquake occurred at 3:22 p.m. local time (11:52:50 UTC) and struck at a depth of 10 kilometers (6 miles). The main shock was followed by six aftershocks, according to the Iran Seismological Centre, the strongest of which was M5.3. According to AIR, with its epicenter located at 28.5° North latitude…

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The World’s Most Expensive Insurance Claims

Insurance News on catastrophe insurance losses

Damages add up big time for insurance industry. Insurance policies provide your business with security and assurance that your assets and possessions are accounted for in the event of unfortunate circumstances that directly affect your operations. Problems arise and come in different forms, but during the past decade, certain elements have become regular contributors in creating the most expensive insurance claims. By being able to identify and learn more about these factors, you can figure out if including them in your insurance policy is worth looking into. Natural elements Today’s…

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