Live Insurance News

Earthquakes send ripples through homeowners insurance industry in Oklahoma

April 25, 2013April 30, 2013

Small quakes cause some concern in the homeowners insurance space A recent outbreak of earthquakes in Oklahoma has caused some waves in the homeowners insurance sector. Over the past month, several small earthquakes have been reported throughout the state. In many cases, these quakes are not large enough to cause any significant damage, often only knocking pictures or books from shelves. According to the U.S. Geological Survey, these quakes range in magnitude from 2.8 to 4.3, barely enough to be felt by anyone, but enough to cause some concern. Frequency…

Holes in Homeowners Insurance Policies

March 24, 2013April 21, 2014 Guest Author

Homeowners insurance is something that every owner has to have. Your home might be your biggest asset and is probably the biggest purchase you will ever make, so it would stand to reason that you would want to protect it from unforeseen events that might harm it causing expensive damage. And you’re not the only one who wants to protect your home, at least while it’s still partially owned by the bank. While you are paying off your mortgage, you are also required to have homeowners insurance to protect the…

Earthquake insurance premiums fall for some California customers

December 3, 2012April 30, 2013

Some consumers in the state will find that rates are dropping so that the coverage is more affordable. Two major earthquake insurance companies in California have just announced that they will be lowering the rates that they charge for the coverage against tremors in the state. The approval was given to the insurers by the commissioner of the state on Friday. The commissioner in California, Dave Jones, made his announcement on Friday, which said that he had approved a rate reduction of 15 percent for earthquake insurance policies provided by…

California at risk for major earthquake

October 26, 2012October 25, 2012 S.Vagus

San Andreas Fault Line California earthquake insurance

Geologists meet in California to highlight earthquake concerns California is no stranger to earthquakes; indeed, thousands of seismic events of varying degrees happen every day in the state. Last week, concerns regarding a massive, nationwide earthquake were drummed up when more than 9 million people throughout the state participated in an earthquake drill. California insurers are well versed in the risks associated with earthquakes in the state. What has many insurers worried, however, are the risks associated with a nationwide catastrophe. The U.S. Geological Survey met with risk professionals in…

Homeowners insurance companies in New Zealand to help policyholders with claims

August 17, 2012August 16, 2012 H. Cutner

Insurers will be offering additional assistance to Christchurch residents affected by earthquakes. Policyholders of homeowners insurance in Christchurch, where many property owners face significant damage from the earthquakes, may soon have an advisory service available to them. Insurers are getting closer to completing the plans for a new service for these individuals and families. These companies have nearly completed the plans for the service that is intended to make it simpler for those with homeowners insurance to be able to understand and work their way through any red tape and…