AIR Worldwide marks 200th anniversary of New Madrid Earthquake with special report

It has been 200 years since the New Madrid Earthquake, a major seismic event that rattled the Central U.S. in the winter of 1811. The quake, which was estimated as being a 7.0, struck what is, today, Missouri. To mark the occasion, AIR Worldwide, a catastrophe modeling firm serving the insurance industry, has released a new report titled “The New Madrid Earthquake Bicentennial: Revisiting A Midwest Mystery.” The report details how much the catastrophe modeling community has changes in the centuries following the disaster and estimates the financial impacts of…

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Missouri residents are underinsured

Missouri just held an event noting the 200 year anniversary for the New Madrid earthquake. John M. Huff, the acting director Missouri’s Department of Insurance, spoke at said event to help bring awareness to the weak number of homes that actually have earthquake insurance within the state.  He has also has expressed in the past,  that there’s a large percentage of homeowners that will not be accurately protected if an earthquake happens these days. Huff’s concern is, that over the past ten year’s the amount of earthquake policies purchased has sharply decreased and the ones that do have…

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