Earthquakes News

As Homeowners Unable to Sell Become Landlords, Insurance Needs Change

As more homeowners are having trouble selling their homes in today’s real estate market, some are thinking about becoming landlords. A growing number of homeowners who need to relocate for a job or other reason are renting out their homes …

Continental Risk Offers Commercial Property Market

Continental Risk of Lodi, Calif., is offering a market for commercial properties for 10 or more dwellings with no maximum number. Rental, seasonal, or vacant dwellings are acceptable. Coverages include: 1) building; 2) liability; 3) BPP; 4) BI/rental value including …

Earthquake Monitors Placed in North Dakota

North Dakota, known for blizzards and floods, is getting sensors to check for earthquakes as part of a national project listening to what happens underground. The possibility of a big quake damaging the state is remote: Only a handful of …

IPC Sale to Validus Includes ‘Storm-proof’ Agreement

IPC Holdings, the Bermuda catastrophe reinsurer that attracted interest from more than a dozen bidders, held out for a storm-proof agreement before agreeing to a sale to rival Validus Holdings The $1.65 billion cash-and-stock deal, still to be approved by …

Cleburne, Texas, Residents Urged to Buy Earthquake Insurance

The North Texas town of Cleburne has experienced seven minor earthquakes since early June, and State Farm Insurance is reminding residents that earthquake coverage can be added to their homeowners insurance policy. No damage or injuries have been reported in …

State Regulation, Earthquake Coverage of Concern to Missouri’s Huff

In an address to some 130 members of the Missouri Association of Insurance Agents (MAIA) Missouri Insurance Director John M. Huff made a strong argument that states, rather than the federal government, should continue to regulate the insurance industry, the …

AIR Analyzes New Zealand Quake; Tsunami Warning

According to catastrophe risk modeling firm AIR Worldwide, a major earthquake struck off the southwestern coast of New Zealand on Wednesday July 15 at 8:22 p.m. local time (9:22 a.m. UTC). The United States Geological Survey has issued a preliminary …

AIR Analyzes China Quake

According to catastrophe risk modeling firm AIR Worldwide, at 7:19 p.m. local time (11:19 UTC) on Thursday, July 9, a moderate earthquake struck China’s southwest Yunnan province. The USGS issued a moment magnitude of 5.7 and focal depth was estimated …

ICW Group Now Offers Workers’ Compensation Insurance in Illinois

San Diego, Calif.-based ICW Group Insurance Companies is now offering workers’ compensation insurance in Illinois. The ICW’s Illinois workers’ compensation office is led by Suzanne Lysak. Lysak has more than 16 years of experience in the workers’ compensation insurance industry, …

Swimming Downstream: How a Regional Insurer Buys Others Through Demutualization

Donegal Group’s Strategy Has Taken It From Writing in One to 19 States in 20 Years Even in a good economy, mutual insurers face challenges trying to raise the capital they need to grow because they don’t have any stock …