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To Educate Customers about Earthquake Risk, Look Beyond Fault Lines

Posted by Bryan Stanwood on December 4, 2019

Western Washington is one of the most earthquake-prone places in the country,1 yet only 11.3% of homeowners in the state have earthquake insurance, and just 43.2% of commercial properties have coverage.2  

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Topics: property rating, risk, Washington state, Hazards, Risk Assessment, landslide, earthquake

Soft Stories and Earthquakes

Posted by Robert Lacy on December 18, 2018

Sit down and get comfortable, because it’s time to hear a soft story. This story does not feature princesses, bean stalks nor giants; and hopefully, it won’t put you to sleep. It is a story that can give underwriters nightmares.

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Topics: earthquake

Soil Liquefaction for Insurance Underwriting

Posted by Joe Nolan on October 23, 2018

 

 

Located along the infamous Ring of Fire, Washington state experiences an earthquake about once every 8 hours[1]. As an underwriter, chances are you have a number of risks on or near a fault line — over 100 known faults crisscross Western Washington and Oregon.

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Topics: Insurance underwriting, PropertyEDGE™, GIS Mapping, Hazards, earthquake, liquefaction, volcanoes

Quakes, Volcanoes and Your Risks in the Ring of Fire

Posted by Joe Nolan on October 9, 2018

 

I fell down into a burning ring of fire, I went down, down, down and the flames went higher.” Johnny Cash was singing about love not the real Ring of Fire’s death and destruction. The Ring of Fire is an area around the Pacific Ocean where most of the world’s earthquakes and volcanic eruptions occur, due to movements of lithospheric plates.

 

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Topics: earthquake

The Effects of Soil Type on Earthquake Damage

Posted by Joe Nolan on April 3, 2018

When thinking about the effects of an earthquake, imagine a pebble dropped into a pond. It hits the water creating a circular ripple that weakens the farther it moves from the center.

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Topics: Insurance underwriting, PropertyEDGE™, GIS Mapping, earthquake

The Modified Mercalli Intensity Scale for Earthquake Insurance Underwriting

Posted by Joe Nolan on March 27, 2018

This past St. Patrick’s Day, you may have felt — or heard about — the small earthquake centered in Mercer Island. Though small, it reminds us that we’re in a region prone to quakes.

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Topics: Insurance underwriting, insurance, earthquake

Earthquakes and Insurance

Posted by Joe Nolan on March 6, 2018

It’s widely known that the Puget Sound region is prone to earthquakes. When the Big One (or Little One) strikes, will your properties be adequately covered? A new study, directed by Washington Insurance Commissioner Mike Kriedler, suggests that it may not.

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Topics: PropertyEDGE™, earthquake