Allstate Insurance company will no longer be underwriting houses effective in July. No changes will occur for existing customers. The move is supposedly to "limit its exposure to catastrophe" such as earthquakes. Allstate has also trimmed coastal exposure in other states that are prone to natural catastrophes. Allstate has also stopped writing new homeowners policies in Connecticut, Delaware, Florida and New Jersey as well as in eight coastal New York counties. Source: CBS5.com.
The Christ Church City Council has issued a notice banning entry to over 500 homes because of risks associated with rockfall, landslides, cliff collapse and other geotechnical problems exacerbated by recent earthquakes. [Source: Scoop News]
Taiwanese investigators have arrested the developer of a 17-story apartment building that collapsed in an earthquake at the beginning of the month. Approximately 40 people were killed when the building collapsed, there were only two […]
The 1964 Alaska Earthquake was 9.2 in magnitude and caused dramatic destruction and dramatic examples of surface rupture, subsidence, and liquefaction. New paleoseismic evidence points to a previously unknown earthquake that happened on the same […]