[NTLK] [OT] Earthquake in Japan, was: Another Christchurch Earthquake

[Steven Goldberg]

Actually you can buy coverage for these risks. In some areas it's expensive because of the nature of the environment. For example here in Lis Angeles earthquake coverage is pricy. 

Too often the Carriers weasel and fail to pay proper benefits - then litigation is the only way to deal with them. 

FYI, there are many layers of global reinsurance agreements. 

Things have to get much worse than they are before the giants would go down.
Best,
Steve

Sent from my iPhone

Steven P.  Goldberg
5525 Oakdale Avenue
Suite 165 
Woodland Hills, CA. 91364
spgoldberg at earthlink.net
www.goldbergandgille.com
818 348 5200
Fax 818 598 2515

On Mar 12, 2011, at 10:00 AM, "Dennis B. Swaney" <romad at aol.com> wrote:

> On 12/03/11 01:01PST, Tony Kan wrote:
> 
>> 
>> The global insurance industry must be starting to get worried with the number of
>> mega disasters lately: bushfires, flooding in Australia, quakes in NZ and Japan,
>> how much can they stand before solvency becomes an issue?
>> 
> 
> Nah, they'll just say the damage is not covered per the "acts of God" 
> exclusion!
> 
> -- 
> Sincerely,
> Dennis B. Swaney
> 
> Newton MP 2100
> iPhone 3GS
> iPad
> 
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