BUSINESS INSURANCE BULLETIN
ForthQuarter 1999
October 17th marks the 10th year anniversary of the 1989 Loma Prieta Earthquake, the worst calamity to hit the Bay Area since 1906.
The quake struck during the third game of the World Series providing television viewers across the country with a visual of what Californians were experiencing .
The recent devastating earthquake in Turkey, as well as minor tremors in Montana and San Francisco provide all to frequent reminders of the damage an earthquake can do.
In 1989 San Francisco was dark for three days following the quake and telephone service sporadic. Citizens formed bucket brigades to help firefighters who were without water because of broken mains. The quake killed 62 people throughout Central California, injured almost 4,000 more, left 12,000 homeless and caused nearly $6 billion damage--$3 billion in San Francisco.
Though one of the more devastating earthquakes in California history, Loma Prieta was one of many. The years 1906, 1915, 1925, 1933, 1957, 1964, 1971, 1987, and Northridge in 1994, are also important dates in California earthquake history. Others are sure to follow.
Still, it is easy to forget about the devastating effects that can happen. While coverage may be "something I better check into one of these days."
Our firm can help tell you about the affordable commercial earthquake insurance options offered through the Insurance Brokers and Agents of the West.
Another earthquake is sure to happen. It is essential to protect your business assets from earthquake devastation. Don?t wait, act now!
