Latest Earthquake Headlines
All the headlines from our Earthquake Topic Page, ordered by recency.
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...
NAII Protests Calif. Earthquake Bill
May 17 2000 // A new earthquake bill would invite an avalanche of claims, the National Association of Independent Insurers (NAII) said yesterday. Senate Bill 1899 lifts the statute of limitations that would otherwise bar plaintiffs from...
Quackenbush Investigation Far From Over
May 15 2000 // It began back in March, when lawmakers demanded that California Insurance Commissioner Chuck Quackenbush appear at an April 27 hearing and produce confidential reports his office prepared on the handling of Northridge...
Earthquake Victims Call for Quackenbush Impeachment
May 5 2000 // Victims of the 1994 Northridge earthquake have joined the fray over state Insurance Commissioner Chuck Quackenbush’s alleged misuse of his position, calling for his impeachment. At a new conference Thursday, people...
Earthquake Foundation Shaken by Calif. Legislators
May 4 2000 // A state Senate panel voted Wednesday to bar California’s insurance commissioner from ever again allowing insurance companies to avoid fines by contributing to nonprofit foundations. The Senate Insurance Committee...
Legislator Calls for Calif. Earthquake Fund Freeze
May 3 2000 // A California legislator is calling for a freeze on the remaining funds in an earthquake foundation established by California Insurance Commissioner Chuck Quackenbush. Assemblyman Jack Scott announced his intent to...
Quackenbush Under Fire Again
Apr 11 2000 // A $500,000 donation made to a community group by an earthquake foundation created by California Insurance Commissioner Chuck Quackenbush has stirred new criticism of the department head. The Sacramento Urban League,...
S&P Rates Earthquake Notes
Apr 3 2000 // An issue of floating-rate notes, the payouts for which are linked to an index of California earthquakes, was assigned a “BB” rating by S&P. The annual probability that monies in the collateral account...
Moderate Earthquake Shakes Japan
Feb 11 2000 // Japan’s main island was shaken by a pair of moderate earthquakes Friday, but there were no immediate reports of damage or injuries, AP reported. The first quake struck at 4:14 p.m. and was centered about in Iwate...
