Estimated damages from the two earthquakes that struck Hawaii on Oct. 15 have been rising. Yet the recent disaster has not spurred homeowners and businesses to purchase earthquake coverage, according the state’s Insurance Commissioner. Two damaging earthquakes struck the northwest …
Hawaii’s tsunami warning system has serious deficiencies in reliability and coverage area, according to state emergency officials. About 100 of the tsunami sirens don’t have emergency backup power, meaning they wouldn’t make a sound if an earthquake caused widespread blackouts, …
The Hawaii County Council has voted to waive standard construction permit requirements for emergency repairs as the total damage estimate for the Big Island neared $100 million. The council adopted an emergency ordinance that allows homeowners and businesses directly affected …
The Hawaii Department of Commerce and Consumer Affairs Insurance Division has issued a notice to residents that some relief for earthquake related losses may be available under homeowners’ policies. “As you already know, earthquake insurance coverage is not included in …
The Federal Emergency Management Agency has approved relief and recovery assistance to Big Island victims of the recent earthquake in Hawaii, said Gov. Linda Lingle on Oct. 23. The aid may include grants for temporary housing, home repairs and other …
Umbrella Reinsurance Nuts & Bolts: John B. Collins Associates Inc. has a national umbrella facility that provides up to $5 million in commercial and personal umbrella limits exclusively for Collins clients. It serves as a master reinsurance program for umbrella …
Officials have begun inspecting bridges and roads across Hawaii, following the strongest earthquake to rattle the islands in more than two decades, a 6.6-magnitude quake that caused blackouts and landslides but no reported fatalities on Oct. 15. At least one …
6.6 Magnitude of earthquake that struck the island of Hawaii, Hawaii on Oct. 15. Although there were no major fatalities, insured loss due to the damage caused by the temblors, rain and landslides are estimated to be widespread, according to …
In cooperation with insurance industry partners, universities across the nation are helping to cultivate the next generation of risk managers and actuarial scientists through insurance internship programs. As an example, California State University at Fullerton’s Insurance Leadership Internship Program provides …
Back on track “With these new appointments, the Commission is committed to a new focus for the Division of Insurance, making New Mexico a more friendly place to do insurance business, while making the industry understand that if they do …
