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California Quakes Highlight Potential Impact Of Novel Insurance Program - #1127

In the past 48 hours, there have been two major earthquakes in Southern California with an epicenter near the town of Ridgecrest. The quakes hit on July 4 and 5th, with the largest and most recent reaching a 7.1 on the Richter scale. In part due to the remote location, no deaths have been attributed to the quakes, but property damage across the region will ultimately be substantial.

Kate Stillwell, CEO of Jumpstart Insurance, a novel insurance company that provides coverage that pays out quickly following a quake, joined me for a conversation about the quake and the insurance her company…

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