It’s still a few days until the annual Great ShakeOut earthquake drills during which people in homes, schools, and organizations practice what to do during earthquakes – the events encourage preparedness and buying policies – but sales of earthquake policies …
Oklahoma Insurance Commissioner John D. Doak wants to alleviate concerns about six-month moratoriums on purchasing earthquake insurance. The concerns were raised after a 5.8 magnitude earthquake in Pawnee on Sept. 3. A moratorium is a temporary suspension on issuing new …
Damage estimates of insured losses from the earthquake that hit Pawnee, Okla., in the north central part of the state on Sept. 3 likely won’t be available until early October, according to an insurance department spokesperson. In an email, Assistant …
In testimony submitted to Oklahoma’s insurance commissioner, the American Insurance Association (AIA) has suggested that the state look at mitigation, rather than further regulation of the earthquake insurance market in order to alleviate concerns over lack of competition. Concerned about …
As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has found. Nearly 3,000 pages …
Palomar Specialty Insurance Co., in partnership with Arrowhead General Insurance Agency, Inc. and TriCoast Insurance Services, LLC, has expanded its Value Select Residential Earthquake Insurance Program into Oregon and Washington. The program was introduced in California in early 2015. Value …
Concerned about a competitiveness in the state’s earthquake insurance market, Oklahoma Insurance Commissioner John D. Doak has ordered a public hearing to investigate rising rates. The May 24 hearing will include data gathered by the Oklahoma Insurance Department as well …
The California Earthquake Authority is taking the opportunity to tout its financial strength on the 110-Year anniversary of 1906 San Francisco Earthquake. CEA, a not-for-profit publicly managed organization that provides residential earthquake insurance, said it would be able pay all …
Wichita officials say the city suffered more than $100,000 in damage from two earthquakes in early January. The Wichita Eagle reports the city will pay for the repairs out of its operating budget because the city’s earthquake insurance deductible is …
Palomar Specialty Insurance Company has launched Equity Protector, a residential earthquake insurance policy in California. Equity Protector provides for the protection of $50,000 or $75,000 in Coverage A – Dwelling losses above an industry low 1 percent deductible. The new …
