Insurance News & Articles » Earthquake http://insurance.profusehost.net providing news and articles on health insurance, car insurance, life insurance, flood insurance etc Fri, 11 Sep 2009 05:49:56 +0000 http://wordpress.org/?v=2.8 en hourly 1 Earthquake insurance premiums are expected to go up http://insurance.profusehost.net/insurance-news/earthquake-insurance-premiums-are-expected-to-go-up http://insurance.profusehost.net/insurance-news/earthquake-insurance-premiums-are-expected-to-go-up#comments Thu, 30 Aug 2007 17:16:57 +0000 admin http://insurance.profusehost.net/insurance-news/earthquake-insurance-premiums-are-expected-to-go-up/ Homeowners in California are expected to pay 8 percent more for state earthquake insurance. On the other hand, insurer fees are expected to be cut by one-third. The restructuring plan for California Earthquake Authority’s finances would cut insurer contribution by $1 billion but at the same time it will increase home owner’s premium by an average of $55 on a policy of $700. The money generated will help the state pay for claims in the event of a major earthquake. To become a law early next year, the measure needs to win the legislative approval by Sept 14.

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