Scientists at the U.S. Geological Survey (USGS) have updated the USGS National Seismic Hazard Maps, and noted that earthquakes remain a serious threat in 46 of the United States. For some areas such as western Oregon and Washington, USGS increased …
Despite a sizable earthquake event in the Midwest on Friday, April 18th, Bloomington, Ill.-based State Farm and Northbrook, Ill.-based Allstate Insurance say they haven’t heard of much damage from the southern Illinois earthquake, where both companies have homeowners insurance customers. …
600 The number of earthquakes that have shaken the basin off the coast of central Oregon in early April. Scientists noted they are baffled by the “swarm” of quakes, because that is something that often happens before a volcanic eruption, …
Novato, Calif.-based Fireman’s Fund Insurance Co. named Michael LaRocco president and CEO. He will report to Chuck Kavitsky, president and CEO of Allianz of America, parent of Fireman’s Fund, and will also serve on the International Executive Committee of Allianz …
P/C Consolidation “The logic of consolidation within the property and casualty industry, particularly in North America, may be gaining favor as the economy slows and as rates soften. However, our research suggests that analysts might not fully value these transactions …
Steep declines in underwriting profits hurt bottom lines for property casualty insurers, which saw their 2007 profits slip slightly from a year earlier, a new report from three industry groups says. The industry’s net income after taxes fell 5.8 percent …
During the latter decades of the 20th Century, small insurance offices frequently telephoned their homeowners insureds to say hello and to ask about changes in their lives and property. Today’s larger agencies don’t have the time or staff to make …
Republican Sen. Mel Martinez of Florida is in a position to help move along a bill that could lower property insurance rates in disaster-prone states, but hasn’t been aggressive enough in doing so, said the two Democratic House members sponsoring …
An earthquake that measured 5.2 on the Richter Scale rocked buildings in Chicago and damaged roads in Ohio and Kentucky. The quake hit Friday morning at 4:37 a.m. The epicenter was in the town of West Salem, Ill., which is …
The earthquake that struck the Midwest today should serve as a reminder to many Mississippians that they too are at risk for earthquake damage. Mississippi Commissioner of Insurance Mike Chaney urges all Mississippians to check their homeowner policy for earthquake …
