the new type of earthquake protection available What is Parametric Insurance What is Parametric Earthquake Insurance and How its Measured How parametric earthquake insurance is different than standard earthquake insurance The Real Basics about Earthquake Parametric Insurance: Parametric Earthquake Insurance is a very new product globally and here in the United States. Provided by a…Read More
The National Association of Insurance Commissioners has created an interesting report published November 1st of 2022. The report is titled Addressing the New Madrid Seismic Zone Earthquake Protection Gap. For obvious reasons this paper is of keen interest to QuakeCov. And for that reason we shall make this rerport subject of several blog articles about…Read More
AI or Artificial Intelligence is out there and it is being used more and more. AI can be a great product. However relying on it for specifics about insurance – could potentially be dangerous. To that end QuakeCov attempted to use a somewhat famous new AI tool to produce this article, specific to Earthquake Insurance.…Read More
AM Best, a US Ratings Agency has downgraded the California Earthquake Authority Financial Strength Rating to B++. A B++ Rating is considered “Good.” The CEA’s rating before the downgrade was an A-. This rating is dated as of January 18th, 2023. An A- rating is considered “Excellent.” This is bad news all around. CEA Former…Read More
The February 6th 2023 Earthquake that shook southern Turkey along its’ border with Syria is one of the most powerfull seismic events in recent memmory. At the time of this writing over 40,000 have been reported as having been killed. Far more were injured. The rather shallow depth quake, less than 20KM deep, was registered…Read More
The Ancient God Poseidon is the God of Earthquakes Poseidon is also the God of Horses and the Sea What is the Connection between Poseidon and Earthquakes? Poseidon is a powerful Greek God who is the God of the Sea, Horses, and Earthquakes. In our short article we will explore Poseidon and his exact connection…Read More
Everyone knows that earthquake insurance is needed if you own a house. Although few purchase it. But can you get earthquake insurance is you rent a property? Thoughts on Earthquake Insurance for Renters How to procure Quake Insurance as a non property owner Is there a Value in getting Earthquake Insurance as a Renter? First…Read More
Where do you purchase Earthquake Protection for your Auto Policy Does Comprehensive Auto Coverage cover for Earthquake Damage Do you Need a Separate Policy to cover your Auto from Land Movement? Do you Need a Separate Policy to cover your Auto from Land Movement? In general, you do not need a seperate auto policy to…Read More
At about 2:30AM on December 20th – 2022, a massive and strong earthquake hit about nine miles southwest of Ferndale, CA. The Magnitude 6.4 quake struck in a junction of three tectonic plates. These plates include the San Andreas Fault, the Mendocino Fracture Zone, and the Cascadia Subduction zone. This is located in Humboldt County.…Read More
UCERF3 simply stands for the Uniform California Earthquake Rupture Forecast, and the third verion of it. According to the Southern California Earthquake Center UCERF3 “provides authoritative estimates of the magnitude, location, and likelihood of earthquake fault rupture throughout the state.” UCERF3 was created by a working group in 2014 and implemented in 2015. UCERF3 is…Read More