The private insurance industry is ready and anxious to take on flood risk, and politicians should reform the federal program now to take advantage of this interest, according to the U.S. executive of a leading specialty insurer. “I think there …
Missouri’s top insurance regulator says a new report on exposures within the reach of the New Madrid seismic zone reinforces the need for residents in affected areas to purchase earthquake insurance. Missouri Insurance Director John Huff says, however, there is …
Specialist property catastrophe underwriting manager, Catalytic Holdings has hired industry veteran Sam Ramsey to lead its newly-formed wind underwriting business. Ramsey joins Catalytic from All-Risks Ltd. where he headed the broker’s Lloyd’s of London underwriting facilities business. Before that, he …
No damage was reported from a magnitude 3.6 earthquake in southeast Missouri on April 1, but the state’s insurance director says it night illustrated the need for earthquake insurance coverage The quake occurred at 10:51 p.m. and was centered near …
With the dramatic increase in the number of earthquakes in Oklahoma — which some say are at least partly attributed to waste water injection wells related to the practice of hydraulic fracturing in oil and gas drilling — Oklahoma Insurance …
After increasing rapidly over the past three years, the pace of earthquakes in Oklahoma held steady in 2014 at a rate higher than California and far higher than the historic average in Oklahoma. Oklahoma experienced 567 earthquakes of magnitude 3.0 …
The U.S. Geological Service has reported a series of minor earthquakes in parts of eastern Connecticut this week, including a 2.0-magnitude earthquake Thursday morning near Plainfield, Connecticut. The Weston Observatory of Boston College says a series of small earthquakes in …
Kansas insurance agencies say they’ve been flooded with queries about earthquake coverage after the 4.8 magnitude temblor on Nov. 12. “We have been getting calls all day,” Matt Woodall, who works at a Wichita insurance office, said a day after …
Oklahoma Gov. Mary Fallin has approved an emergency rule adopted by Insurance Commissioner John D. Doak that requires all licensed producers and adjusters with the property line of authority to complete one hour of continuing education on the topic of …
While earthquake risks are rising in the U.S., fewer homeowners nationally say they have earthquake insurance, creating a potentially huge gap in coverage, according to the Insurance Information Institute. That’s a problem, the I.I.I. said, with the potential cost of …
