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Salvador Insurance Agency, Inc. Blog: 8_2014

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Mention earthquakes in California, and it’s not uncommon for the discussion to involve the “Big One”—a major earthquake expected to occur along the San Andreas fault line at some unknown time. READ MORE >>

(Bloomberg) -- The earthquake that struck northern California yesterday will lead to economic losses of as much as $4 billion, fueled by damaged wineries and shuttered businesses that rely on tourists. Insurers will probably cover about $2.1 billion, according to an estimate from Kinetic Analysis Corp. READ MORE >>

Aon Benfield’s catastrophe-model development center Impact Forecasting has revealed in its newly released 2014 Global Catastrophe Recap report the costliest weather events for the month of July, including major thunderstorms, flooding and not one but two super typhoons. READ MORE >>

With the Spanish-speaking population in the U.S. ranking in the top-five worldwide, insurers are finding they need to either use a translation service or hire Spanish-speaking staff. According to the Pew Research Center, Spanish is spoken at home by 37.6 million people in this country. READ MORE >>

Personal lines agents know all too well the financial headache that comes with adding a new, teenage driver on a family policy. After all, teenagers are the riskiest drivers on the road, and insurance rates are calculated accordingly. Just how much of a difference adding a teenage driver to an insurance plan depends on where your clients live, however. READ MORE >>

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