New York Times: Earthquake Insurance Sales Are Up in California
Photo: Alvin Jornada/European Pressphoto Agency, New York Times
New York Times: There was a record increase in the number of new earthquake insurance customers this past year, according to the earthquake authority. The issue with this significant increase is that earthquake insurance companies have to buy more reinsurance, the insurance they buy for themselves, in order to spread the risk, and this causes annual rates for customers to go up. Earthquake authority officials are investigating solutions to make earthquake insurance more affordable and effective in the event of an earthquake. Read the full article here to learn more.