The number of earthquakes in states that are not known for tremors – such as the recent 5.6 point quake in Oklahoma and the earthquakes in Colorado and Virginia this summer – have underlined the fact that flooding, severe weather, and fires are not the only types of natural disaster that can cause damage to a home, no matter where you live. Though California is the state that is at the highest risk of earthquakes, and it is also long overdue for another major tremor, states that consider quakes to…
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Should you have additional earthquake insurance?
The August 23, 2011 earthquake on the East Coast seems to have opened the eyes of the country to show them that California isn’t the only state that can experience a quake. This is making an increasing number of people wonder if earthquake insurance should be added to their coverage, even if they’re not living in a zone that they’d previously considered to be seismically active. Reports poured in from Georgia, Vermont, Massachusetts, New York, and other areas, saying that they also felt the tremors. Though there has not been…
Read MoreU.S natural disasters: How the insurance industry is faring and what consumers need to know about the future.
As Hurricane Irene barrels down on the East Coast, Chris Hackett, Director of Personal Lines Policies for The Property Casualty Insurers Association of America (PCI), has quite a few things to say concerning insurance and how people will be affected by the storm. We were able to ask Mr. Hackett about current, past and even future potential natural disaster events that we all should prepare for. Here is what he had to say: Live Insurance News – With hurricane Irene beating down on the Carolinas, and maybe even New York,…
Read MoreEarthquake authority proposes new law to make insurance coverage more affordable
The East Coast was rattled by an unexpected and rare earthquake this week. The seismic event sowed worry amongst a populace that has never experience such a thing before. The manner in which residents of the East Coast reacted to the quake drew criticisms from Californians, most of whom are accustomed to such events. Despite earthquakes being common in the state, the California Earthquake Authority is taking this opportunity to spread awareness of earthquake insurance. Given the frequency of earthquakes on the West Coast, one would think that earthquake insurance…
Read MoreCalifornia fault line research reveals how far away earthquakes effect us
A United States Geological Survey (USGS) team has been working with researchers from Georgia Institute of Technology (GIT) to study what effect a large quake has in triggering smaller, slow moving tremors, deep along the San Andreas Fault line. It is possible that a sizeable quake far away could trigger episodes deep in the San Andreas Fault line. An earthquake is a vibration that travels through the earth’s crust. This is usually the result of movement in pieces of the earth’s surface, called tectonic plates. Other things can…
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