The 1995 Ridgecrest Earthquake Sequence was a series of earthquakes that began on August 17th of 1995. The main or most signficant quake occured on September 20th. That shock or quake was magnitude ML 5.8. Over 2,500 aftershocks occured. This situation is eearily similar to another Sequence of Earthquakes that also happened in Ridgecrest but…Read More
By May of 2022 earthquake activity has been a bit surprising. Numerous significant earthquakes have appeared in the United States in some perhaps unusual places. The USGS loosely defines & describes significant as “a combination of magnitude, number of Did You Feel It responses, and PAGER alert level.” This blog post is simply a list…Read More
General Definitions of Magnitude, Science Definitions of Magnitude What is Magnitude in Relationship to Earthquakes How are Magnitudes Measured? Different Methods of Measurement. Magnitude and the Importance to the Earthquake Insurance Industry: Magnitude has many different definitions. However as it relates to the insurance industry it is simply a measurement of an earthquake. The use…Read More
March 30th 2022 – Fitch Ratings has downgraded the California Earthquake Authority’s IDR “and revenue bond ratings” to an A-. Previously the CEA’s IDR ratings was an A. Now it is an A-. CEA Current IDR Rating: A- CEA Past IDR Rating: A An A- rating is considered lower than an A rating. Fitch Rating…Read More
Is there a War Exclusion on a California CEA Earthquake Policy? Would a War created Earthquake be Covered by the California Earthquake Authority? How Could War Create an Earthquake? A CEA War Exclusion: What it means The War Exclusion on the CEA Policy In other posts about Earthquake Insurance exclusions we have stated that War…Read More
A great article found on DNYUZ highlights this risk of Tsunami to Washington State Tsunamis are not covered by Earthquake Insurance, but are they covered by Flood Insurance? The Media Story about Ocean Shores Washington State: An exellent article found in DNYUZ.com titled “The Tsunami Could Kill Thousands. Can They Build an Escape? was published…Read More
Alternative Options for Earthquake Insurance from insurers other than the CEA or California Earthquake Authority. Other Earthquake Insurance Options to the California Earthquake Authority Underwriting considerations for Alternative Quake Vendors The CEA is a public/private insurer that issues earthquake insurance for many insurers in the state of California. The CEA is the largest insurer of…Read More
What is an Earthquake Insurance Broker? How do you get Earthquake Quotes from Multiple Companies Who writes Earthquake Insurance? How to Find an Earthquake Insurance Broker? Numerous insurance agents offer earthquake insurance policies. Most offer just one residential earthquake option- typically the California Earthquake Authority, also known simply as the CEA. A few offer the…Read More
The Hay Wired Earthquake Scenario now Available online: An October 2021 report from the USGS is now available for the public to peruse. The New report from the USGS is worth a solid read. Severl publications, include a report, a movie, and a fact sheet are now available on the USGS website. For most consumers…Read More
What is the Great ShakeOut Day? -The third Thursday of October each year is called the Great Shake [ShakeOut] Out Day. -The Great Shake Out Day is an International Day The great shakeout day is a day of international quake preperation “The Great ShakeOut earthquake drills are based on scenario earthquakes that could effect the…Read More