Missouri official says earthquake insurance 'critical'

5 years 1 month 1 week 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
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. Previous coverage: ... More >>
1 day ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 11:09:00 AM CDT September 25, 2020 in News
COLUMBIA-- A group of University of Missouri students is holding a sit-in Friday on Mel Carnahan Quadrangle on the MU... More >>
1 day ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 10:13:00 AM CDT September 25, 2020 in News
MONITEAU COUNTY - One man is in custody after a police pursuit through mid-Missouri Wednesday. Matthew Scovell, 40, of... More >>
1 day ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 9:55:00 AM CDT September 25, 2020 in News
MISSOURI- As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. The... More >>
1 day ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 9:00:00 AM CDT September 25, 2020 in News
(CNN) -- At least 41 people are sick in 10 different states after a salmonella outbreak that has been linked... More >>
1 day ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 8:57:53 AM CDT September 25, 2020 in News
WASHINGTON (AP) — Supreme Court Justice Ruth Bader Ginsburg becomes the first woman in American history to lie in state... More >>
1 day ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 8:25:00 AM CDT September 25, 2020 in News
CPS parents and advocates want CPS to fully follow IEP guidelines Some CPS parents and special needs advocates said... More >>
1 day ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 5:00:00 AM CDT September 25, 2020 in News
COLUMBIA - The Mizzou Tigers will play the football season opener against Alabama, Saturday. Mizzou announced it is sold... More >>
2 days ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 4:11:00 AM CDT September 25, 2020 in News
TERRE HAUTE, Ind. (AP) — The U.S. government has put the first Black inmate to death since the Trump administration... More >>
2 days ago Thursday, September 24 2020 Sep 24, 2020 Thursday, September 24, 2020 9:02:53 PM CDT September 24, 2020 in News
COLUMBIA - Some CPS parents and special needs advocates said CPS hasn't fully complied with Individualized Education Program (IEP) guidelines.... More >>
2 days ago Thursday, September 24 2020 Sep 24, 2020 Thursday, September 24, 2020 8:39:00 PM CDT September 24, 2020 in News
COLUMBIA – The circuit court system has had to make some major adjustments in the last few months to meet... More >>
2 days ago Thursday, September 24 2020 Sep 24, 2020 Thursday, September 24, 2020 8:38:00 PM CDT September 24, 2020 in News
JEFFERSON CITY - Gov. Mike Parson said he and his wife Teresa Parson are fine after their positive COVID-19 test... More >>
2 days ago Thursday, September 24 2020 Sep 24, 2020 Thursday, September 24, 2020 7:00:00 PM CDT September 24, 2020 in News
COLUMBIA - Missouri Senator Josh Hawley, R, discussed the open Supreme Court seat and the possible next stimulus package with... More >>
2 days ago Thursday, September 24 2020 Sep 24, 2020 Thursday, September 24, 2020 6:51:00 PM CDT September 24, 2020 in News
JEFFERSON CITY - Missouri Governor Mike Parson signed Executive Order 20-17, activating the Missouri National Guard Thursday afternoon. The... More >>
2 days ago Thursday, September 24 2020 Sep 24, 2020 Thursday, September 24, 2020 6:33:00 PM CDT September 24, 2020 in News
COLUMBIA - At Thursday's UM System Board of Curators meeting, UM President and MU Chancellor Mun Choi said the university's... More >>
2 days ago Thursday, September 24 2020 Sep 24, 2020 Thursday, September 24, 2020 5:57:00 PM CDT September 24, 2020 in News
COLUMBIA - The Columbia Police Department is taking a different approach to solving the 2019 investigation involving the remains of... More >>
2 days ago Thursday, September 24 2020 Sep 24, 2020 Thursday, September 24, 2020 5:52:00 PM CDT September 24, 2020 in News
JEFFERSON CITY - Missouri Department of Health and Senior Services revised its guidelines for long-term care facilities that choose to... More >>
2 days ago Thursday, September 24 2020 Sep 24, 2020 Thursday, September 24, 2020 5:19:00 PM CDT September 24, 2020 in News
COLUMBIA - Columbia and Boone County Public Health and Senior Services officials said they have seen a decrease in demand... More >>
2 days ago Thursday, September 24 2020 Sep 24, 2020 Thursday, September 24, 2020 4:59:00 PM CDT September 24, 2020 in News
Columbia, MO
Broken Clouds 63°
5am 63°
6am 62°
7am 63°
8am 64°