Filed Under:Markets, Commercial Lines

7 Months Later, Churches Foot Bill for Va. Earthquake Damage

NU Online News Service, March 28, 2:07 p.m. EDT

The earthquake that shook the mid-Atlantic region seven months ago is taking an expensive toll on houses of worship that went without earthquake insurance.

However, in the West, the story is different, says Jim Buckley, area senior vice president in San Francisco. Because of the heightened exposure to the risk, “buyers can’t get enough limits for the value they have.”

Interest has always been strong, and premiums tend to fluctuate depending on the markets. Buyers, he says, buy what they can dependent upon their budgets and price of the product.

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