A series of small earthquakes shook the Old Faithful area but caused no damage. The quakes occurred just before midnight Monday. “It woke up a lot of people,” said Henry Heasler, Yellowstone’s lead geologist. In all, seven earthquakes were recorded …
Commercial insurance premiums continued their decline in all but catastrophe-exposed areas during the fourth quarter of 2006, with insurers willing to lower prices and place fewer restrictions on coverage to get new business, according to the latest market survey by …
A 7.3-magnitude earthquake rattled buildings in northeastern Indonesia Sunday, causing panicked residents to flee homes, churches and shopping malls in fear of a tsunami that never came, officials and witnesses said. A woman died after suffering a heart attack, apparently …
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. Tough standards passed after the deadly 1994 Northridge earthquake in Southern California …
Los Angeles-based Anderson & Murison Inc. (A&M) has arranged for new capacity for commercial earthquake risks in all zones in California. The program has no minimum premium or minimum value. A&M can write buildings with “tuck under parking.” For information, …
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 …
Burns & Wilcox, a Farmington Hills, Mich.-based national specialty insurance wholesaler, underwriter and managing general agent, is offering of a new commercial “all risks” property program that includes hard-to-find earthquake coverage in California. The Chubb Surplus Lines Property market, offered …
Oklahoma’s first earthquake of 2007 rattles two small southeastern towns, authorities said. No damage or injuries were reported when the 2.5 temblor hit the western Coal County communities of Tupelo and Clarita about 3:46 p.m. Jan. 8, the Oklahoma Geological …
Newark Calif.-based Risk Management Solutions, a leading provider of products and services for the management of natural hazard risk, announced the acquisition of HailCalc Europe, which it described as “the first fully probabilistic hail loss simulation software for Europe.” The …
Steve Poizner took the Oath of Office Monday afternoon, becoming California’s new Insurance Commissioner. During his remarks, Poizner vowed to make the office bi-partisan, lower insurance rates by combatting fraud, and to help the state prepare for natural disasters. Following …
