Latest Earthquake Headlines
All the headlines from our Earthquake Topic Page, ordered by recency.
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...
Report Japan Earthquake Worries
Aug 14 2000 // A report by the Associated Press reveals increasing concern in Japan that “a big one” may occur at any time, and could reach or exceed the level of the 1923 earthquake which killed over 100,000 people in Tokyo...
Calif. Commissioner Quackenbush Resigns; Probes Continue
Jul 10 2000 // California Insurance Commissioner Chuck Quackenbush resigned June 28 after months of accusations that he used millions of dollars from an earthquake fund established by his office to further his political career. He was to...
The Downfall of California’s Insurance Commissioner
Jul 10 2000 // The turbulent drama surrounding California Insurance Commissioner Chuck Quackenbush reached a climax on June 28 with the Commissioner’s resignation from office. As the dust settles, IJ looks back at the major events...
Calif. Assembly Fails to Pass SB 1925; Takes No Action on SB 1899
Jul 7 2000 // On July 5, the Assembly Insurance Committee failed to pass Senate Bill 1925. In its original form, the bill would have required insurers to provide earthquake insurance to policyholders at any time, even if they recently...
The Downfall of California’s Insurance Commissioner
Jun 30 2000 // The turbulent drama surrounding California Insurance Commissioner Chuck Quackenbush reached a climax on June 28 with the Commissioner’s resignation from office. As the dust settles, IJ looks back at the major events...
Calif. Commissioner Quackenbush Resigns; Attorney General to Continue
Jun 29 2000 // California Insurance Commissioner Chuck Quackenbush resigned Wednesday after months of accusations that he used millions of dollars from an earthquake fund established by his office to further his political career. He was...
Calif. Earthquake Authority to Fund Research Project
Jun 27 2000 // The Governing Board of the California Earthquake Authority gave its approval to a $300,000 research project aimed at providing new guidelines for the earthquake insurance claim process, as well as improving repairs to...
Quake Authority Looks to Develop a Five-Year Strategic Plan
Jun 12 2000 // After the Northridge earthquake rumbled through California on Jan. 17, 1994, destroying or damaging more than 200,000 homes, injuring 12,000 people and killing 60, and damaging or leaving uninhabitable 114,000 buildings,...
Quake Bills Could Create Shaky Ground for Insurers
Jun 12 2000 // On May 24, the California Senate passed SB 1899 despite opposition from industry groups. The bill, sponsored by Senator John Burton (D-San Francisco), has been referred to the Assembly Judiciary Committee for further...
AIR Introduces New Earthquake Catastrophe Model
Jun 9 2000 // Boston based Applied Insurance Research (AIR) announced a potential breakthrough in earthquake catastrophe modeling with the introduction of the”Advanced Component Method or ACM (TM).” The computer technology...
EQECAT To Participate in Taiwan Earthquake Study
Jun 8 2000 // Oakland based EQECAT, a subsidiary of insurance and financial consulting firm EQE International, has been selected by the Central Reinsurance Corporation (CRC) of Taiwan “to assist in a feasibility study for a...
Incriminating Testimony Heard In Quackenbush Quake Hearings
Jun 7 2000 // Testimony before the California Assembly Insurance Committee revealed Tuesday that funds from the controversial non-profit foundation created by Commissioner Chuck Quackenbush were used to finance political polls asking...
