Parametric describes a type of insurance that works differently than the conventional “indemnification” insurance types (e.g. Home, Life, Auto) familiar to most consumers. Parametric insurance involves a special type of financial contract that transfers money to policyholders upon the occurrence of specific, predefined events.
Parametric insurance contracts define the characteristics or thresholds of events that will trigger payments. Those characteristics are also known as the events’ “parameters” (thus the name “parametric.”)
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When will the next big earthquake hit? With major fault lines in California, it’s not a matter of if, but when. Learn about fault line cycles, signs of movement, and the interval between of major earthquakes along the Hayward fault.
Continue reading “Are We Due for a Big One?”
Guest Post by Duke Crestfield, structural engineer
Last year on 19 September I was in Guadalajara, enjoying one free day before the start of the Mexican Seismic Engineering Society conference. In the morning there were earthquake drills, since it was the 32nd anniversary of the devastating 1985 Mexico City earthquake, which influenced me a lot as a young engineer. Then in the afternoon, the M7.1 Puebla quake hit Mexico City.
Continue reading “A Festival of Disorganization”
September 19 marks the anniversary of not one but two major earthquakes in Mexico. One ranks as one of Mexico City’s deadliest disasters; the other demonstrates the importance of preparation and planning.
Continue reading “A Tale of Two Mexican Earthquakes”
At the end of summer, we stock up on school supplies to prepare our kids for the educational year ahead. With a little practice, preparing each school year for earthquake safety can become just as routine. Start with these three simple steps.
Continue reading “3 Back-To-School Earthquake Safety Tips”