April 20, 2023

Earthquakes Cause $14.7B in Annualized Losses, USGS Reports

Earthquakes cause $14.7 billion in damages and related losses on an annualized basis in the U.S., according to an updated estimate from the U.S. Geological Survey (USGS) and the Federal Emergency Management Agency (FEMA). The updated figure, which is twice that of the previous annual estimate, reflects increasing property values, and the inclusion of the latest hazards...

June 3, 2020

Earthquake Market Grows Unstable as Insurers Stress Profitability

    EARTHQUAKE MARKET GROWS UNSTABLE AS INSURERS STRESS PROFITABILITY The earthquake market has moved onto unstable ground as insurers and alternative capital investors demand higher returns on their capital. Rate increases have ramped up over the last year, and buyers should expect higher prices this year for the same coverage. Higher deductibles can be...