Latest Earthquake Headlines
All the headlines from our Earthquake Topic Page, ordered by recency.
Circuit Court of Appeals Upholds Calif. Earthquake Law
Mar 5 2003 // A California law allowing homeowners to renew insurance claims from the 1994 Northridge earthquake was upheld March 3 by a federal appeals court, according to the Associated Press. The law was challenged by insurers in an...
Quackenbush Breaks the Silence
Feb 25 2003 // Insurance Journal senior staff writer Dave Thomas, along with publisher Mark Wells, recently caught up with former California Insurance Commissioner Chuck Quackenbush. Quackenbush, who has been working in Hawaii as a...
Quackenbush Breaks the Silence
Feb 24 2003 // Insurance Journal senior staff writer Dave Thomas, along with publisher Mark Wells, recently caught up with former California Insurance Commissioner Chuck Quackenbush. Quackenbush, who has been working in Hawaii as a...
RMS Launches 3rd Generation Earthquake Models For Western U.S.
Feb 14 2003 // Risk Management Solutions (RMS) announced the launch of new earthquake models for the western U.S. and western Canada. The models use the latest data on seismic risk from the U.S. Geological Survey (USGS) 2002 National...
Calif. Commissioner Appeals Northridge Earthquake Settlement Decision
Jan 14 2003 // Citing his responsibility to seek every legal remedy on behalf of California consumers and Northridge earthquake victims, California Insurance Commissioner John Garamendi filed to appeal court decisions upholding...
California Earthquake Authority Shuns Offshore Entities
Dec 26 2002 // The California Earthquake Authority decided it will no longer conduct business dealings with U.S. companies that relocate in name only to offshore tax havens. According to the Sacramento Bee, state Treasurer Phil Angelides...
21st Century Files Suit Relating to Fraudulent Claims
Dec 18 2002 // In response to a flood of insurance fraud relating to homeowners and earthquake insurance, 21st Century Insurance has filed a civil complaint against California-based Unlimited Adjusting Company and its principal Jung Ho...
A.M. Best Assigns A- (Excellent) Rating to CEA
Dec 9 2002 // A.M. Best Co. has assigned an initial Financial Strength Rating of A- (Excellent) to the California Earthquake Authority. The rating reflects the unique role the CEA serves in ensuring that insurance coverage for losses...
Aon Unveils Two New Workers Comp Models for Earthquakes and Terrorism + James Bond
Nov 18 2002 // Aon Corp.’s subsidiary, Aon Re Inc., has unveiled two timely new models for workers’ compensation catastrophes. One covers all significant U.S. earthquake regions, and the second analyzes terrorism exposures...
AIR Earthquake Engineer To Lead Reconnaissance Team to Italy
Nov 13 2002 // Boston-based AIR Worldwide announced that the company’s manager of engineering analysis, Dr. Paolo Bazzurro, has been selected to lead a group of engineers organized by the Earthquake Engineering Research Institute...
Earthquakes in Ohio’ Nationwide Says It’s Possible
Nov 5 2002 // Ohio’s Nationwide Insurance has issued a bulletin with the headline “Quake Rumblings Could Surprise Midwesterners,” which, as the company points out, is indeed surprising. Midwesterners may fear...
Who You Going to Call When There’s An Earthquake’
Oct 28 2002 // Insurance Journal senior writer Dave Thomas recently interviewed Dan Dyce, Disaster Response Manager for the California Earthquake Authority (CEA). In this capacity, Dyce, who has been in the industry 29 years, coordinates...
EQECAT To Help Canadian Insurance Bureau Redefine CRESTA Zone Boundaries for Earthquake Loss Exposure
Oct 3 2002 // Oakland-based EQECAT has been selected by the Insurance Bureau of Canada (IBC) to participate in a major industry study that will revise and redraw the Canadian CRESTA zone seismic boundaries. The study plans to use...
The State of the Surplus Lines Market with Michael J. Hall
Sep 30 2002 // Insurance Journal publisher Mark Wells recently spoke with Michael J. Hall, chairman of M.J. Hall & Company Inc. and president of Golden Bear Insurance Company, both headquartered out of Stockton, Calif. Hall shared...
RMS Expands Geographical Coverage of Catastrophe Models
Aug 23 2002 // California-based Risk Management Solutions (RMS) has expanded its catastrophe modeling capabilities to include windstorm risk in Ireland and Sweden, and earthquake risk in Turkey and the Philippines. The expansion brings...
Swiss Re Receives $255 Million in Catastrophe Protection
Jul 19 2002 // Swiss Re has obtained $255 million of four-year protection against a series of natural catastrophe risks. As part of the transaction, Swiss Re signed a financial contract with PIONEER 2002 Ltd. (PIONEER), a special purpose...
Pair of Calif. Transportation Services Do Away with Earthquake Policies
Jun 18 2002 // Both Caltrain and the Valley Transportation Authority have decided that their respective earthquake insurance policies were getting a little too hefty for their wallets. Therefore, both have terminated policies in order to...
RMS Provides Japan Earthquake Risk Analysis to Nissay Dowa, Swiss Re
May 31 2002 // Newark, California-based Risk Management Solutions (RMS) announced that it has provided the risk analysis to Nissay Dowa General Insurance Co., Ltd. and its counterparty, Swiss Re in support of the Fujiyama Ltd. $70...
ISO Service to Act as Lehman Re’s Trigger for Earthquake Risks
May 3 2002 // Redwood Capital I Ltd. has licensed insured-loss information from Insurance Services Office, Inc.’s (ISO) Property Claim Services (PCS) unit to be used as a “trigger” for payments on a one-year...
EQECAT Developing Compensation Loss Cost Models for WCIRB
Apr 4 2002 // EQECAT Inc. has been awarded a contract to develop the earthquake loss costs for the Workers’ Compensation Insurance Rating Bureau (WCIRB) of California. The loss costs are to be incorporated into their rate filing...
