Earthquakes News

It Figures

30 Number of states that require companies that have information that can be used in identity theft — driver’s license numbers, bank account numbers, Social Security numbers — to tell individuals if that information has been compromised. $3.6 billion Amount …

Large Property Insurance Market Remains Unsettled, Wholesaler Reports

Even a year of profitability has not settled the large property insurance market for buyers, especially for catastrophic coverage near coastlines and in earthquake zones, finds a new research report from New Jersey wholesale insurance broker NAPCO, LLC. “While the …

RiskMeter Adds New Storm Surge Report to Online Hazard Lookup

CDS Business Mapping, LLC, which develops online hazard mapping, has added a new storm surge report to its RiskMeter Online real-time, natural hazard risk report service. The RiskMeter is used by underwriters and agents to automate property lookups. It performs …

NBIS is now offering New Products to Wholesale Producers

Inland Marine and General Liability options to help you grow your business! At NBIS Construction and Transport Underwriters (NBIS CTU), we acknowledge that over 75% of our business is the direct result of our hardworking wholesale producers. We are committed …

Calif. Assoc. of Independent Insurance Adjusters Hosts Certification Programs

The California Association of Independent Insurance Adjusters will be offering its Annual Fair Claims Settlement Practices Regulations Recertification and certification programs for the Seminar for the Evaluation of Earthquake Damage (SEED) in June. Attendees will be able to be certified …

Tsunami Strikes Solomon Islands; 12 Reported Dead

Early this morning, local time) a strong undersea earthquake – estimated at 8.0 – caused a tsunami with waves up to three meters (app. 10 feet) in height. They came ashore shortly after the quake on the island of Gizo …

Officials Laud New Japanese Quake Alert System

Authorities hailed Japan’s new earthquake alert system as a success this week after it allowed officials to issue a tsunami warning just one minute after a magnitude 6.9 quake jolted the country’s coast a day earlier. The quake early last …

Let Private Markets Handle Most Disasters, Insurers Advise Congress

The best way for the federal government to help property owners recover from a natural disaster is to let private insurers do what they know, except in the case of a megadisaster, when federal aid would be needed. That was …

First Responders, Businesses Tell Congress U.S. Needs Disaster Plan

A coalition of first responders, emergency management experts, businesses and insurers told Congress that America needs a comprehensive public-private, federal-state partnership to protect against a massive hurricane or earthquake. “Catastrophe protection and preparation is a nationwide priority that must be …

John Morrison, Montana, Commissioner of Insurance

The hallmarks of John Morrison’s legacy as Montana State Auditor, the Commissioner of Insurance and Securities, is to help provide more affordable coverage. For instance, the state is one of the leading captive domiciles in the West and has made …