--- title: The Risks of Hazard Blog | Intermap | Earthquake description: Earthquake | A blog that shows the power of location-based solutions in the world of insurance underwriting & risk management. --- [Investors](https://www.intermap.com/investors-2018-0) |[ Partners](https://www.intermap.com/partners-2018-0) |  [WebStore](https://store.intermap.com/MapShop.aspx?GeoLocation=World) [![Intermap Technologies Inc.](https://www.intermap.com/hs-fs/hubfs/Intermap%20Logo%202019%20-%20White.png?width=1656&height=277&name=Intermap%20Logo%202019%20-%20White.png "Intermap Technologies Inc.")](http://intermap.com) # [The Risks of Hazard](https://www.intermap.com/risks-of-hazard-blog) ## [Oklahoma Earthquake – A New Peril With An Old Problem](https://www.intermap.com/risks-of-hazard-blog/2016/06/oklahoma-earthquake-a-new-peril-with-an-old-problem) Posted by [Ivan Maddox](https://www.intermap.com/risks-of-hazard-blog/author/ivan-maddox) on Jun 1, 2016 10:14:10 AM - [Tweet](https://twitter.com/share) [![](https://www.intermap.com/hubfs/Blog/USGS_forecast_for_earthquake_damage.png) ](https://www.intermap.com/risks-of-hazard-blog/2016/06/oklahoma-earthquake-a-new-peril-with-an-old-problem) It is not often a new cat peril appears, but [Oklahoma is now an earthquake zone](http://time.com/4273258/usgs-earthquake-map-oklahoma/). The changing seismicity in the state is so pronounced that the USGS is committing to updating their earthquake hazard maps annually, instead of every five years. The high risk blotch on the USGS maps dwarf the better-known (but still relatively obscure) [New Madrid zone](https://www.intermap.com/risks-of-hazard-blog/2015/08/new-madrid-fault-line-concerns) in southeast Missouri and the Cascadia zone in Washington. Note: these are “chance of damage” maps, and do not express severity. The arrival of a localized cat peril has provided a unique glimpse into how insurers and regulators work together to ensure the risk to property is adequately mitigated. According to AM Best ([May 25, mind the subscription wall](http://www3.ambest.com/ambv/bestnews/newscontent.aspx?AltSrc=104&RefNum=191537)) the Oklahoma Insurance Commissioner, Mr. John Doak, is making a determination right now on whether the insurance market for quake coverage is competitive enough to avoid further state regulation. His decision will determine whether state regulators will have more or less influence on insurance pricing and terms. Specifically, according to the AM Best article: “Doak is concerned recent filings do not substantiate the need for increased rates, that the use of multi-line discounts discourages consumers to switch carriers for a lower price and that 70% of earthquake policies are sold by just a few companies ([Best’s News Service, April 19, 2016](http://www.ambest.com/story.asp?sn=190681)).” [Read More](https://www.intermap.com/risks-of-hazard-blog/2016/06/oklahoma-earthquake-a-new-peril-with-an-old-problem) 0 Comments [Click here to read/write comments](https://www.intermap.com/risks-of-hazard-blog/2016/06/oklahoma-earthquake-a-new-peril-with-an-old-problem#comments-listing) Topics: [Earthquake](https://www.intermap.com/risks-of-hazard-blog/topic/earthquake) ## [Can there be growth in the protection gap?](https://www.intermap.com/risks-of-hazard-blog/2016/02/growth-in-the-protection-gap) Posted by [Ivan Maddox](https://www.intermap.com/risks-of-hazard-blog/author/ivan-maddox) on Feb 23, 2016 11:52:41 AM - [Tweet](https://twitter.com/share) [![](https://www.intermap.com/hubfs/Blog/Protection-gap-1.jpg) ](https://www.intermap.com/risks-of-hazard-blog/2016/02/growth-in-the-protection-gap) Last week I wrote about the [Protection Gap](https://www.intermap.com/risks-of-hazard-blog/2016/02/a-cat-modelers-guide-to-the-protection-gap) and how insurers should be serving it. The post has been a huge success, mostly because it features Hemant Shah, CEO of RMS (thank you Mr. Shah!). The article pivoted on the question “What risk is the insurance industry not ready to handle?” and Mr. Shah’s response: > *“I worry more about the risks the insurance industry is not covering right now.”* [Read More](https://www.intermap.com/risks-of-hazard-blog/2016/02/growth-in-the-protection-gap) 0 Comments [Click here to read/write comments](https://www.intermap.com/risks-of-hazard-blog/2016/02/growth-in-the-protection-gap#comments-listing) Topics: [InsitePro](https://www.intermap.com/risks-of-hazard-blog/topic/insitepro), [Flood Insurance](https://www.intermap.com/risks-of-hazard-blog/topic/flood-insurance), [Earthquake](https://www.intermap.com/risks-of-hazard-blog/topic/earthquake), [Insurance Technology](https://www.intermap.com/risks-of-hazard-blog/topic/insurance-technology), [Insurance Protection Gap](https://www.intermap.com/risks-of-hazard-blog/topic/insurance-protection-gap) ## [A Cat Modeler's Guide to the Protection Gap](https://www.intermap.com/risks-of-hazard-blog/2016/02/a-cat-modelers-guide-to-the-protection-gap) Posted by [Ivan Maddox](https://www.intermap.com/risks-of-hazard-blog/author/ivan-maddox) on Feb 16, 2016 10:29:57 AM - [Tweet](https://twitter.com/share) [![](https://www.intermap.com/hubfs/Shah_RMS_AMBest_TV.png) ](https://www.intermap.com/risks-of-hazard-blog/2016/02/a-cat-modelers-guide-to-the-protection-gap) Last week on AMBest TV there was an [interview](http://www3.ambest.com/ambv/displaycontent/video.aspx?rc=shah116) with [Hemant Shah](https://www.linkedin.com/in/hemant-shah-a5789436?authType=NAME_SEARCH&authToken=C-bm&locale=en_US&trk=tyah&trkInfo=clickedVertical%3Amynetwork%2CclickedEntityId%3A127597027%2CauthType%3ANAME_SEARCH%2Cidx%3A1-1-1%2CtarId%3A1455556213394%2Ctas%3Ahemant%20sha), the articulate co-founder and CEO of cat-model makers RMS. It was a standard set of questions one would ask a cat modeler, but there was one response that’s worth a deeper look.  [Read More](https://www.intermap.com/risks-of-hazard-blog/2016/02/a-cat-modelers-guide-to-the-protection-gap) 3 Comments [Click here to read/write comments](https://www.intermap.com/risks-of-hazard-blog/2016/02/a-cat-modelers-guide-to-the-protection-gap#comments-listing) Topics: [Floods](https://www.intermap.com/risks-of-hazard-blog/topic/floods), [Insurance Underwriting](https://www.intermap.com/risks-of-hazard-blog/topic/insurance-underwriting), [Natural Catastrophe](https://www.intermap.com/risks-of-hazard-blog/topic/natural-catastrophe), [Other Risk Models](https://www.intermap.com/risks-of-hazard-blog/topic/other-risk-models), [Earthquake](https://www.intermap.com/risks-of-hazard-blog/topic/earthquake) ## [Top 5 Accomplishments of InsitePro](https://www.intermap.com/risks-of-hazard-blog/2016/02/top-5-accomplishments-of-insitepro) Posted by [Ivan Maddox](https://www.intermap.com/risks-of-hazard-blog/author/ivan-maddox) on Feb 1, 2016 8:41:31 AM - [Tweet](https://twitter.com/share) [![](https://www.intermap.com/hs-fs/hub/395294/file-1791641085-png/Twit_Pics/AB_2-222962-edited.png) ](https://www.intermap.com/risks-of-hazard-blog/2016/02/top-5-accomplishments-of-insitepro) Last week I took a look at the [Top 5 Risks of Hazard articles from 2015](https://www.intermap.com/risks-of-hazard-blog/2015/01/top-5-articles-from-the-risks-of-hazard-in-2015). Today, here is a look at the Top 5 Accomplishments of [InsitePro](https://www.intermap.com/software/insitepro)™, the risk assessment software we are building here when not writing blog posts. 5. [API connectivity](https://www.intermap.com/risks-of-hazard-blog/2015/07/apis-the-lego-blocks-of-modern-business-software-solutions). Insurance software is slowly but surely moving towards interconnectivity between disparate systems and software packages. Not everything is in the cloud (yet), but almost all insurance systems are able to integrate analytics and datasets. InsitePro fits this type of environment with its full suite of APIs and web services, plus it is based in the cloud and waiting for the industry to realize the benefits there. [Read More](https://www.intermap.com/risks-of-hazard-blog/2016/02/top-5-accomplishments-of-insitepro) 0 Comments [Click here to read/write comments](https://www.intermap.com/risks-of-hazard-blog/2016/02/top-5-accomplishments-of-insitepro#comments-listing) Topics: [InsitePro](https://www.intermap.com/risks-of-hazard-blog/topic/insitepro), [Flood Modeling](https://www.intermap.com/risks-of-hazard-blog/topic/flood-modeling), [Wildfire](https://www.intermap.com/risks-of-hazard-blog/topic/wildfire), [Earthquake](https://www.intermap.com/risks-of-hazard-blog/topic/earthquake) ## [Earthquake - The (Un)Expected](https://www.intermap.com/risks-of-hazard-blog/2015/12/earthquake-the-unexpected) Posted by [Ivan Maddox](https://www.intermap.com/risks-of-hazard-blog/author/ivan-maddox) on Dec 9, 2015 11:27:16 AM - [Tweet](https://twitter.com/share) [![](https://www.intermap.com/hubfs/Blog/buzzfeed-new-madrid.jpg) ](https://www.intermap.com/risks-of-hazard-blog/2015/12/earthquake-the-unexpected) Last week BuzzFeed ran a piece on the New Madrid Seismic Zone, a sometimes-forgotten and sometimes-remembered seismic zone in the middle of the United States that could potentially cause over $100B in damage. We took a [look at New Madrid earlier this year](https://www.intermap.com/risks-of-hazard-blog/2015/08/new-madrid-fault-line-concerns) (though at that time, I couldn’t pronounce New MAD-rid properly), specifically at how only 20% of the homes in the exposed region are insured for quake based on work by Swiss Re. The BuzzFeed article, [The Day the Earth Stood Still](http://www.buzzfeed.com/tgounley/the-day-the-earth-stood-still#.uskm0P1PGV) by Thomas Gounley, looks at a day 25 years ago this month when the big earthquake was predicted to hit the area. The article is not about geology or seismology, per se, but rather how a certain Iben Browning predicted (with 50% certainty!) that an earthquake would hit New Madrid on December 3, 1990. Needless to say, nothing happened. The article describes the media circus and shows the fun people had on their marquee signs, as well as taking a look at the underlying science of the fault zone. [Read More](https://www.intermap.com/risks-of-hazard-blog/2015/12/earthquake-the-unexpected) 0 Comments [Click here to read/write comments](https://www.intermap.com/risks-of-hazard-blog/2015/12/earthquake-the-unexpected#comments-listing) Topics: [Property Insurance](https://www.intermap.com/risks-of-hazard-blog/topic/property-insurance), [Earthquake](https://www.intermap.com/risks-of-hazard-blog/topic/earthquake) [All posts](https://www.intermap.com/risks-of-hazard-blog/all) [Next](https://www.intermap.com/risks-of-hazard-blog/topic/earthquake/page/2) ## [The Risks of Hazard Blog](https://www.intermap.com/risks-of-hazard-blog)   [![rss-feed](https://www.intermap.com/hs-fs/hub/395294/file-2218415117-png/images/rss-feed.png?width=27&name=rss-feed.png)](https://www.intermap.com/risks-of-hazard-blog/rss.xml) Welcome to The Risks of Hazard, brought to you by Intermap Technologies®. From the latest industry news and trends, to insight from thought leaders around the globe, stay tuned for a variety of content aimed at helping you better understand the role of location-based intelligence in the world of insurance underwriting and risk assessment. To see how Intermap delivers analytics tailored to your underwriting, visit our [InsitePro](https://www.intermap.com/software/insitepro) page. ### Subscribe to the Risks of Hazard blog! ### Posts by Topic - [Flood Insurance (64)](https://www.intermap.com/risks-of-hazard-blog/topic/flood-insurance) - [Insurance Underwriting (62)](https://www.intermap.com/risks-of-hazard-blog/topic/insurance-underwriting) - [Flood Risk (43)](https://www.intermap.com/risks-of-hazard-blog/topic/flood-risk) - [Risk Management (42)](https://www.intermap.com/risks-of-hazard-blog/topic/risk-management) - [Insurance Protection Gap (32)](https://www.intermap.com/risks-of-hazard-blog/topic/insurance-protection-gap) - [Private Flood (29)](https://www.intermap.com/risks-of-hazard-blog/topic/private-flood) - [Flood Modeling (28)](https://www.intermap.com/risks-of-hazard-blog/topic/flood-modeling) - [Property Insurance (26)](https://www.intermap.com/risks-of-hazard-blog/topic/property-insurance) - [Natural Hazard Risk (25)](https://www.intermap.com/risks-of-hazard-blog/topic/natural-hazard-risk) - [Natural Catastrophe (24)](https://www.intermap.com/risks-of-hazard-blog/topic/natural-catastrophe) - [Floods (23)](https://www.intermap.com/risks-of-hazard-blog/topic/floods) - [InsitePro (21)](https://www.intermap.com/risks-of-hazard-blog/topic/insitepro) - [Risk Scoring (17)](https://www.intermap.com/risks-of-hazard-blog/topic/risk-scoring) - [Wildfire (17)](https://www.intermap.com/risks-of-hazard-blog/topic/wildfire) - [Insurance Software (16)](https://www.intermap.com/risks-of-hazard-blog/topic/insurance-software) - [Insurance Technology (16)](https://www.intermap.com/risks-of-hazard-blog/topic/insurance-technology) - [Effective Underwriting (15)](https://www.intermap.com/risks-of-hazard-blog/topic/effective-underwriting) - [Earthquake (12)](https://www.intermap.com/risks-of-hazard-blog/topic/earthquake) - [Other Risk Models (11)](https://www.intermap.com/risks-of-hazard-blog/topic/other-risk-models) - [NFIP (10)](https://www.intermap.com/risks-of-hazard-blog/topic/nfip) ©2026 Intermap Technologies®. 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