A couple of interesting articles about Earthquake History, Science, and Economic Costs. So much to read online these days its hard to imagine finding all of the time. Information about earthquakes though can be challenging to find. This blog – QuakeCov, which is dedicated to independent earthquake insurance issuance – also covers other aspects of…Read More
What is the Modified Mercalli Intensity Scale? How is the Mercalli Scale Used The Mercalli and its Insurance Value: an Observable Data Measurement Tool. The Modified Mercalli Intensity Scale: Modified Mercalli – All about Observable data. The Mercali scale is an “arbitrary ranking based on observed effects” and is used for measuring shaking. It does…Read More
The California Earthquake Authority has numerous exclusions on their property insurance policy form… One of those many exclusions is a “Nuclear Hazard”s exclusion. Is your property covered by a nuclear issue on your CEA policy What is Nuclear? Cambridge defines “Nuclear” in one of two ways: “being or using the power when the nucleus of…Read More
In the world of insurance, definitions mean a lot. Earthquake insurance definitions are no different. In many cases some of these definitions may be the same as the science definition, but in other cases it may not be. With all forms of insurance it is useful to read your own policy to check if your…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
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
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