Missouri official says earthquake insurance 'critical'

4 years 1 month 4 weeks ago Tuesday, August 18 2015 Aug 18, 2015 Tuesday, August 18, 2015 6:13:40 AM CDT August 18, 2015 in News
By: The Associated Press

JEFFERSON CITY (AP) - The value of Missouri residences without insurance for earthquakes has almost exceeded the value of those with insurance.

An insurance official this past week said insured houses totaled $101 billion in 2014. Properties uninsured for an earthquake of 7-7.9 magnitude totaled $100 billion in value.

Market Regulation Division Director Angela Nelson said Missouri is at a "critical juncture."

More than 560,000 residences aren't covered in counties with the highest vulnerability to earthquakes.

The state insurance department said as many as 80 percent of homes are uninsured in some counties with the highest risk of earthquake damage.

The U.S. Geological Survey estimated the probability of at least a 7.5 magnitude earthquake in the next 50 years is 7-10 percent. The chance of an earthquake stronger than magnitude 6 is 25-40 percent.

 

More News

Grid
List
COLUMBIA - The Columbia school district is investigating after a racist image imitating the web site of Columbia's Gentry Middle... More >>
1 day ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 9:24:00 PM CDT October 15, 2019 in News
COLUMBIA - The University of Missouri Police Department (MUPD) is investigating a sexual assault that happened over the weekend near... More >>
1 day ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 7:53:00 PM CDT October 15, 2019 in News
COLUMBIA - Twelve Democratic presidential candidates took stage Tuesday night in Ohio while mid-Missouri viewers watched on television. The debate... More >>
1 day ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 7:44:00 PM CDT October 15, 2019 in News
COLUMBIA - The University of Missouri released the results Tuesday of a survey on the campus climate surrounding sexual assault... More >>
1 day ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 7:27:00 PM CDT October 15, 2019 in News
JEFFERSON CITY- Missouri State Auditor Nicole Galloway said Tuesday Missouri is in no shape to handle a recession if financial... More >>
1 day ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 7:13:00 PM CDT October 15, 2019 in News
COLUMBIA - From ear to ear, it's hard to miss 94-year-old Elmo Winterhalter's smile. "I don't know I've always... More >>
1 day ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 6:40:00 PM CDT October 15, 2019 in EmVP
COLUMBIA - MU Health Care unveiled a new therapeutic, outdoor activity center for patients Tuesday. The area has a... More >>
1 day ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 4:14:00 PM CDT October 15, 2019 in News
COLUMBIA - Three people were hospitalized after a crash involving an ambulance shut down two major roads Tuesday afternoon. ... More >>
1 day ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 3:20:00 PM CDT October 15, 2019 in News
MOKANE - Mokane City Council met last week to discuss plans to reconstruct their old waste and drinking water system.... More >>
1 day ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 3:09:00 PM CDT October 15, 2019 in News
JEFFERSON CITY - Governor Mike Parson signed an executive order Tuesday to create a campaign to educate, warn, and deter... More >>
1 day ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 1:32:00 PM CDT October 15, 2019 in News
KANSAS CITY (KSHB) — You never know what you'll encounter as a police officer. One day, you may walk... More >>
1 day ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 12:47:00 PM CDT October 15, 2019 in News
LSU quarterback Joe Burrow, who is on a record-breaking pace during the first half of the season, and Wisconsin running... More >>
2 days ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 12:10:00 PM CDT October 15, 2019 in Sports
HELENA, Mont. (AP) — Montana authorities say an improvised explosive device blew up in an elementary school playground in Helena.... More >>
2 days ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 11:07:00 AM CDT October 15, 2019 in News
COLUMBIA - A Moberly man pleaded guilty to a federal charge of aggravated identity theft and will be sentenced in... More >>
2 days ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 10:44:41 AM CDT October 15, 2019 in News
(CNN) -- When it comes to concussions in high school sports, there is good news and bad news, a new... More >>
2 days ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 6:29:48 AM CDT October 15, 2019 in News
CEYLANPINAR, Turkey (AP) — Turkey defied growing condemnation from its NATO allies to press ahead with its invasion of northern... More >>
2 days ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 5:45:00 AM CDT October 15, 2019 in News
KANSAS CITY, Kan. (AP) — The Kansas City T-Bones are officially locked out of their stadium in Kansas City, Kansas.... More >>
2 days ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 4:48:00 AM CDT October 15, 2019 in News
COLUMBIA - The City of Columbia is trying to slow drivers down on two streets in the downtown area. ... More >>
2 days ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 3:56:00 AM CDT October 15, 2019 in News
Columbia, MO
Broken Clouds 56°
1pm 60°
2pm 63°
3pm 64°
4pm 64°