California Earthquake Authority insurance policy sales jumped following the March 29 magnitude 5.1 La Habra earthquake by nearly as much as the spike in policy sales following the March 11, 2011, magnitude-9.0 Tohoku earthquake in Japan, CEA reported on Friday. …
The rate of earthquakes in Oklahoma has increased by about 50 percent since October 2013, significantly increasing the chance for a damaging quake in the central part of the state, federal and state agencies said. The U.S. Geological Survey and …
Some people don’t need Earth Day to be reminded they live on a planet powered by the forces of nature. The recent string earthquakes on the Pacific belt may have hit home with California homeowners, who were already a bit …
Mid-market private equity firm Genstar Capital Management LLC has partnered with an insurance industry veteran to create a new platform company, Palomar Insurance Holdings, which will initially serve as a provider of commercial and residential earthquake insurance. Concurrent with the …
It’s become a predictable routine at Matt Pryor’s insurance agency: An earthquake rumbles through Oklahoma, rattling dishes and nerves. Then the phones light up with calls and text messages from desperate residents asking if it’s too late to buy a …
Following a rash of earthquakes, a state lawmaker says he plans to file a bill to require insurance companies to notify Oklahomans whether their policies cover property damage caused by earthquakes. Rep. Mike Shelton of Oklahoma City filed a bill …
Oklahoma Insurance Commissioner John D. Doak is encouraging Oklahomans to purchase earthquake insurance after a new report predicts continued seismic activity in the central part of the state. The U.S. Geological Survey (USGS) said central Oklahoma has experienced more than …
In what those involved say may bring about many more such pairings, the California Earthquake Authority and the American Red Cross have joined forces to try to boost preparedness and recovery when California’s next damaging earthquake strikes. The two groups …
An Oklahoma state representative said he is disappointed that a legislative panel rejected a bill aimed at informing consumers about earthquake insurance. Oklahoma State Rep. Mike Shelton said the House Insurance Committee voted down House Bill 2863, which was opposed …
The business of selling earthquake insurance to homeowners may have just gotten a bit easier. The California Earthquake Authority has launched its annual “Marketing Value Program,” in which the quasi-private earthquake insurer encourages agents to sign up to receive at …
