Tag: insurance

California has just implemented revolutionary changes within its insurance market, thus permitting insurers to use catastrophe models while assessing wildfire risk. This newfound approach may have a greater effect on the availability and cost of insurance for homeowners in risky neighborhoods. What are the catastrophe models? Catastrophe models are sophisticated computer systems that evaluate wildfire […]

The recent 7.0-magnitude earthquake near Eureka, California, in December 2024, led to a temporary tsunami warning that underscored the risks coastal residents face. While the warning was canceled, it served as a stark reminder of the potential dangers along California’s coastline. If you’re considering purchasing a property in this region, it’s essential to evaluate tsunami […]

On September 7, 2024, a series of earthquakes struck Southern California, with the largest registering a magnitude of 4.3 on the Richter scale. These quakes once again highlighted the seismic vulnerability of the region, particularly Los Angeles, which sits near the notorious San Andreas Fault and other active fault lines. For anyone considering building or […]