Zurich has signed on to underwrite Venture Insurance Programs’ Preferred Club Program, a new offering designed for private and semiprivate golf and country clubs, as well as golf resorts, daily-fee courses, communities and top golf management companies. With Zurich’s underwriting …
Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through www.abacus.net, has launched an online program that enables homeowners to reduce the deductible on their existing earthquake policy. The earthquake deductible buyback program is …
Insurance regulators in Illinois are encouraging residents to review earthquake insurance policies after a small quake was recorded in the state recently. The 3.8-magnitude earthquake surprised northern Illinoisans Feb. 10. It hit about 45 miles northwest of Chicago at 4 …
New detectors have found fault lines in the Jones, Okla., area, where dozens of small earthquakes have been recorded since last year. “There’s definitely some kind of fault system there,” said Austin Holland, geophysicist for the Oklahoma Geological Survey, who …
A small pre-dawn earthquake hit northern Illinois on Feb. 10, startling residents as far away as Michigan and Iowa, but no damage or injuries were immediately reported. The Illinois State Geological Survey (ISGS) said the earthquake was felt in eight …
The appalling loss of life from the earthquake that struck Haiti on January 12 has now been estimated by the government to exceed 230,000. The figure is an approximation, as the exact number may never be known. But it is …
Although Oregon is among the states at highest risk for a major earthquake, only about 20 percent of Oregonians have earthquake insurance, according to a Department of Consumer and Business Services (DCBS) survey. “Consumers may want to think about their …
Damage and loss from yesterday’s magnitude 5.9 earthquake that struck offshore Northern California are expected to be less than $10 million, with insured losses a fraction of that, a risk modeling firm has reported. The moderate quake struck at 12:20 …
“Rates for Mining Property Damage & Business Interruption (PD/BI) insurance are likely to soften in 2010, but could harden again should this volatile sector experience a catastrophic loss, according to the latest Mining Market Review from Willis Group Holdings. Willis …
A magnitude 5.9 earthquake has struck offshore Northern California at 12:20 p.m. PST, about 35 miles from Petolia and 50 miles from Eureka, the U.S. Geological Survey reported. This is the second earthquake in the area in less than a …
