The earthquake on Monday, August 12, in Southern California underscores the pressing need for the insurance industry to reassess its approach to earthquake coverage.
Tag: California earthquakes
Aftershock: Earthquake Insurance Rates to Soar for Many Californians
A quarter of the 1 million Californians who have purchased earthquake insurance to protect their homes are in for an unpleasant surprise in coming months: Their insurance premiums could double or triple or more. The pain in their pocketbooks isn’t because of the twin quakes that rocked Ridgecrest, California, on July 4 and 5. Those… Continue reading Aftershock: Earthquake Insurance Rates to Soar for Many Californians