Latest Earthquake Headlines
All the headlines from our Earthquake Topic Page, ordered by recency.
QUAKE TO COST $1 BILLION
Mar 19 2001 // The insurance industry could pay up to $1 billion in claims to people whose property was damaged by the earthquake that struck Washington State in February, according to the Insurance Information Institute. The preliminary...
Claims from Seattle Quake Estimated at $330 Million
Mar 19 2001 // U.S. insurers are likely to pay out less than previously expected in claims caused by the earthquake that rattled Seattle on Feb. 28, according to preliminary estimates published March 16 by Insurance Services Office...
ISO Estimates $330 Million in Claims Payments for Northwest Earthquake
Mar 16 2001 // Property/casualty insurers will pay $330 million to homeowners and businesses for insured property damage from the earthquake that struck Seattle and nearby areas of Washington and Oregon, according to preliminary...
Seattle Earthquak Wracks Up Insured Losses
Mar 12 2001 // The most telling number about the earthquake that hit Western Washington on Feb. 28 was neither its 6.8 magnitude nor the fact that it was the largest temblor in the state in more than half a century; it was its depth,...
Insured Losses from Seattle Earthquake Could Reach $1 Billion
Mar 6 2001 // The insurance industry could pay up to $1 billion in claims to people whose property was damaged by the earthquake that struck Washington State last week, according to the Insurance Information Institute. The I.I.I. noted...
From Pin Maps to the World Wide Web
Mar 5 2001 // Since the 1800s, the insurance industry has used technology to track and control catastrophic exposures. Insurers first used mapping after companies were hit by major fires in cities such as Boston, Chicago and...
Earthquake Seminars To Hit the West Coast This Month
Feb 1 2001 // This month, Applied Insurance Research Inc., a Boston-based catastrophe modeling firm, will be offering free seminars in Seattle, Los Angeles and San Francisco to demonstrate a new site-specific risk assessment capability...
Calif. Earthquake Authority Selects Financial Modeler
Jan 17 2001 // As the California Earthquake Authority continues its strategic planning process, its most recent step was to select Paratus Consulting, a newly founded San Francisco-based consultancy, as its financial modeler. Paratus...
PIFC Looks Back on the Seven Years Since the Northridge Quake
Jan 17 2001 // Exactly seven years ago to the day, America experienced its most costly insurance disaster as the Northridge earthquake rumbled through California, killing 60 people and destroying or damaging thousands of homes,...
Northridge Earthquake Class Action Suit Filed Against 21st Century
Jan 4 2001 // A class action lawsuit was filed Tuesday against 21st Century Insurance Co. on behalf of policyholders who filed timely property damage claims stemming from the 1994 Northridge earthquake but whose claims were mishandled,...
Arrowhead Adds New Senior V.P. to Earthquake Division
Dec 5 2000 // San Diego-based Arrowhead General Insurance Agency Inc. announced that Steve Bouker joined the company as senior vice president of the newly formed Residential Earthquake Division. Bouker, who was previously with Pacific...
AGF To Issue Wind/Earthquake Cat Bonds
Nov 23 2000 // AGF/IART, a unit of AGF the French arm of Germany’s Allianz, will issue natural catastrophe securities covering windstorm damages in France and earthquake risks in Europe through Mediterranean Re, a special purpose...
RMS, Japanese Partner Complete Cat Exposure Model
Nov 17 2000 // Menlo Park based, Risk Management Solutions (RMS) and its Japanese partner OYO Corporation announced that their joint venture, OYO RMS, has completed “a detailed natural hazard risk analysis for the National Mutual...
Future of Calif. Earthquake Authority Remains Hot Topic of Debate
Oct 31 2000 // Treasurer Phil Angelides has indicated recently that he has some concerns about the stability of the California Earthquake Authority. He made his fears public Oct. 26, sending out a letter to lawmakers calling for a...
S&P Confirms Earthquake Didn’t Trigger Japanese Cat Bonds
Oct 10 2000 // While the earthquake which struck Western Japan last week was very strong, measuring 7.3 on the Japanese Meteorological Agency scale, it was extremely deep, and the epicenter was far from a major population center –...
7.1 Earthquake Jolts Japan
Oct 6 2000 // An earthquake measuring 7.1 on the Richter Scale jolted southwestern Japan in the early afternoon Friday, but early reports indicate it caused only moderate damage. According to the BBC, the quake, which lasted about 40...
Calif. Sits on Epicenter of National Quake Survey
Oct 2 2000 // According to the first national survey of earthquake risks, 75 percent of all losses are expected to occur in California. But quakes are not a problem for just the Golden State, as the study shows that other areas of the...
California Sits on Epicenter of National Quake Damage Survey
Sep 21 2000 // According to the first national survey of earthquake risks, 75 percent of all losses are expected to occur in California–but quakes are not just a problem for the Golden State, as the study shows that other areas of...
Hundreds of Homeowners Awarded Earthquake Retrofit Grants
Sep 13 2000 // Acting Insurance Commissioner J. Clark Kelso announced the award of 429 new earthquake retrofit grants to low- to moderate-income California homeowners in Fresno, Kern, Kings, Los Angeles, San Bernadino, San Mateo and...
CDI Adds Earthquake Link to Website
Sep 11 2000 // The California Department of Insurance (CDI) recently added a new link to its website, www.insurance.ca.gov, to help people affected by the Youngville/Napa earthquake. The advisory provides links to the California Office...
