Earthquake insurance is becoming more important in California

earthquake insurance companies

Homeowners may need to prepare for an earthquake with the right kind of insurance coverage The United States Geological Survey has released a report that warns that California may experience a major earthquake in the next 30 years. The report claims that an earthquake of a magnitude of 6.7 or higher is coming, but there is no telling exactly when in the next three decades the event will come. Those living in the state may need to prepare for the disaster, but most Californian homeowners are unaware that there is…

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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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Magnitude 6.9 Earthquake Strikes Peru’s Central Coast

BOSTON, Oct. 29, 2011 — According to catastrophe modeling firm AIR Worldwide, a magnitude 6.9 earthquake occurred near the coast of central Peru today at 18:54 UTC (1:54 pm local time). According to the United States Geological Survey, the quake occurred at a depth of approximately 20 miles. Current indications from the USGS Centroid Moment Solution suggest that this was a subduction event in the collision zone between the Nazca oceanic plate and the South American continental plate. The epicenter was about 180 miles (286 kilometers) south-southeast of the capital…

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