ADVISORY/Experts Available to Discuss California Earthquake Insurance Rates.Business Editors ADVISORY... --(BUSINESS WIRE) TOPIC: Early estimates show the damage from last month's 6.5 San Simeon earthquake The San Simeon Earthquake was a magnitude 6.6 earthquake on the Central Coast of California, about 7 miles northeast of San Simeon. It occurred at 11:15 AM on December 22, 2003. The earthquake probably occurred on the Oceanic fault zone in the Santa Lucia Mountains. amounts to $160 million in San Luis Obispo San Luis Obispo (săn l  `ĭs ōbĭs`pō), city (1990 pop. 41,958), seat of San Luis Obispo co., S Calif., near San Luis Obispo Bay; inc. 1856. County, according to according toprep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an article by The San Luis Obispo Tribune. However, California insurance experts do not anticipate an increase in insurance rates. This is partially due to the California Earthquake Authority Established in September 1996 by the California Legislature, the California Earthquake Authority is a privately funded, publicly managed organization that sells California earthquake insurance policies through participating insurance companies. , which is a publicly managed agency that was established after the 1994 Northridge earthquake The Northridge earthquake occurred on January 17, 1994 at 4:31 AM Pacific Standard Time in the city of Los Angeles, California. The earthquake had a "strong" moment magnitude of 6. . The agency underwrites the majority of the state's residential earthquake policies. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Attorney Brian Kabateck, of Kabateck & Garris in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , represented hundreds of earthquake victims against their insurance companies after the 1994 Northridge earthquake. He would be able to discuss how earthquake insurance Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage. coverage has changed since 1994, new governmental insurance safeguards designed to protect consumers and the types of earthquake damage that is often hidden and only discovered months or even years after the earthquake. 213-217-5000 bsk@kabateckgarris.com Mike Burke, of FM Global, is one of the world's most highly regarded experts in the field of property loss prevention engineering. Burke is a highly sought after expert on understanding and preventing property hazards related to fire and natural disasters (including hurricane, flood, earthquake) as well as disaster planning and contingency planning. PR Contact: Steven Zenofsky 401-275-3000, ext. 1945 steven.zenofsky@fmglobal.com Michael Essrig, of Safe-T-Proof, can discuss disaster preparedness and earthquake safety. Safe-T-Proof is committed to providing the most advanced fastening techniques available and the highest quality of service for the safety and well-being of individuals and businesses alike. Safe-T-Proof's services were put to the test during the 1994 earthquake in Northridge, California. Everything Safe-T-Proof had fastened held and the emergency preparedness kits were a godsend god·send n. Something wanted or needed that comes or happens unexpectedly. [Alteration of Middle English goddes sand, God's message : goddes, genitive of God, God . Employees were safe, and company downtime and property loss had been minimized. PR Contact: Patricia McCann 805-581-3909 mccannp@sbcglobal.net ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/. |
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