New Oklahoma Quake, Quake Preparedness, and Insurance
Posted:
Wednesday, January 25th, 2012
Category:
Insurance Training
On the day when the California Earthquake Authority (CEA) and the Oklahoma Insurance Department met and discussed earthquake response and preparedness, Oklahoma shook once more. The small 2.8-magnitude temblor was big enough though to add additional urgency to the meeting, which was prompted in the first place by an unusual series of bigger quakes in the state, a place accustomed to natural disasters but not to earthquakes.
The latest quake was also big enough to put on notice an industry that must give more importance to people seeking an insurance license, specifically a property and casualty insurance license.
The CEA is a private, nonprofit insurance company established after the disastrous 1994 Northridge earthquake (Los Angeles, CA) that not only wrought great infrastructure damage but also caused a deluge of insurance claims for which insurers paid the equivalent of all premiums they collected in the last 50 years.
“The California Earthquake Authority has 15 years of history in providing insurance to homeowners and educating the public about earthquake preparedness. It’s wise to seek advice from experts in a state where earthquakes are more common,” said John D. Doak, the Oklahoma insurance commissioner.
The involvement of the CEA in Oklahoma’s earthquake preparedness program signals the entry of earthquake insurance as an important line in the state’s insurance industry. It also represents a significant boost to the property and casualty insurance line.
For insurance professionals and aspirant agents, it’s time to congratulate themselves for being in the right line of work. It’s also the right time to obtain the best insurance education to take advantage of the situation. On offer at LearnInsurance.com are the best online insurance licensing classes (including insurance continuing education) for those pursuing an insurance license in Oklahoma—or, for that matter, in most other states in the United States.
