Earthquakes News

Miss. Could Have Policyholder Bill of Rights by April

Mississippi Insurance Commissioner George Dale held a public hearing on a proposed insurance bill of rights, saying the provisions would help policyholders understand exactly what coverage they have. Dale hopes to have the provisions included in policies by April, though …

Fla. Pols Ready to Lead Lobbying Effort for National Catastrophe Fund

Now that the Florida Legislature has passed a bill that lawmakers say will address the state’s insurance problems, Gov. Charlie Crist and legislative leaders said Thursday their attention will be on pushing for a national catastrophe fund. Crist plans to …

Coping with catastrophe

Ten things agents and brokers can do to help clients obtain adequate cat coverage When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of steep prices, new …

BRACING FOR THE “BIG ONE:” EARTHQUAKES JUST AS RISKY”

Although hurricanes have received wide attention in the media, earthquake exposure also should be a significant concern. Forecasts of potential damages indicate that earthquake destruction could be just as massive as that from a major hurricane. History of the hazard …

Report: 148 places around Hawaii lack emergency sirens, state lacks funding

More than 100 spots around Hawaii, from Oahu’s Sunset Beach to Kihei Commercial Center on Maui, lack emergency sires needed to warn people about tsunami and other natural disasters. A state Civil Defense Agency list obtained by the Honolulu Star-Bulletin …

A look behind the very good P/C results for 2006

This is the most remarkable statistic of all. The combined ratio we estimate to be about 94 for the year. That would be the best result since 1955. News Currents The numbers, or estimates, for the property casualty insurance industry …

Coping with catastrophe

When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of steep prices, new limits on policies, higher deductibles and a shortage in the amount of coverage available …

Calif. hospitals may not meet earthquake safety standards

Nearly half of California hospital buildings in danger of collapsing during a major earthquake will not meet a state deadline for safety improvements, according to a new study. Standards passed after the deadly 1994 Northridge earthquake in Southern California required …

News Currents

Calif. Insurance Commissioner Poizner sworn in Steve Poizner took his oath of office on Jan. 8, becoming California’s new Insurance Commissioner. During his remarks, Poizner vowed to make the office bi-partisan, to lower insurance rates by combating fraud and to …

Report: 148 places around Hawaii lack emergency sirens, state lacks funding

More than 100 spots around Hawaii, from Oahu’s Sunset Beach to Kihei Commercial Center on Maui, lack emergency sires needed to warn people about tsunami and other natural disasters. A state Civil Defense Agency list obtained by the Honolulu Star-Bulletin …