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(Insured losses from Napa quake won’t top $250 million, RMS says)
(Special Report- The Challenge of our Age)
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Risk Management Solutions said on Tuesday that insured losses from the Aug. 24 Napa earthquake That is much less than an estimate issued within 12 hours of the quake by its competitor Eqecat, which predicted insured losses of $500 million to $1 billion.
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But 鈥渢hey were the first to say, 鈥楶eople in my church, they do that all the time,鈥?鈥?she said.
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Both companies are catastrophe-risk modeling firms that help <a href=http://www.avanttravel.com/michaelkorssonline.php> michael kors outlet</a>  insurance and reinsurance companies estimate the risk of loss from natural and, more recently, man-made disasters. They frequently issue loss estimates shortly after events.
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Johnson and Rich want to get married but agreed, for financial reasons, it doesn鈥檛 make sense. Rich receives a pension and free medical care because of her
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Damage estimates vary widely depending on what鈥檚 included and what goes into them.
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late husband鈥檚 military service. She鈥檇 lose that if she wed <a href=http://www.avanttravel.com/michaelkorssonline.php> michael kors sale</a>  Johnson.
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RMS said its estimate is based 鈥渙n a combination of ground reconnaissance and detailed modeling analyses.鈥?Last week, it 聽first-hand before issuing its estimate.
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鈥淲hat if something happened to me the next day?鈥?he said.
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Eqecat before sending anyone to the scene. It has not updated its number, which is based on modeling alone.
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  The number of elderly American couples living together without getting married is on the rise. Last year, 711,000 unmarried people over 65 were living with
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Both companies only include insured losses to residential, commercial and industrial property, including payments for lost revenues to companies that had business-interruption coverage. They exclude damage to public infrastructure and uninsured private property.
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an opposite-sex partner, according to the U.S. Census Bureau. That鈥檚 more than 2 1/2 times as many as a decade earlier.
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The U.S. Geological Survey聽, with a median estimate of $2 billion, according to USGS spokesman Tom Brocher. This includes insured and uninsured losses to both public and private property.聽The USGS estimate was derived by looking at the number of people exposed to various levels of shaking and comparing that to losses from other earthquakes. It was not based on any direct observation on the ground. 鈥淭here is nothing known about what <a href=http://www.museosangennaro.com/Public/anel.php> Christian Louboutin Shoes Sale</a>  is damaged and not damaged鈥?in Napa, Brocher says. 鈥淚t鈥檚 a model, that鈥檚 why it is very approximate.鈥?Its estimate was last updated four days after the quake.
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鈥淚t鈥檚 lost nearly all of its stigma,鈥?said Brown, the sociologist.
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On Wednesday, Napa officials estimated that the quake  to privately owned homes and businesses in the city of Napa. The estimate includes insured and uninsured losses but does not include damage to public buildings or infrastructure. Sonoma County officials estimated damage in their county at
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Victoria Powers, an elder law attorney in Portland, said there are some people <a href=http://capstone.edu.sg/clreplicashoes.php>Christian Louboutin Outlet</a>  whose value systems dictate that they marry, so they make prenuptial
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RMS said its estimate 鈥渞eflects the combination of observed damage patterns in combination with <a href=http://capstone.edu.sg/images/gucciusaonlineoutlet.php> cheap gucci</a>  the limited earthquake insurance penetration in the region.鈥?The California Earthquake Authority has estimated that only 5 or 6 percent of homes in the quake-damaged area had quake insurance, compared to about 10 percent statewide.
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agreements to ensure that their assets are passed on to their own children. Other times, she said, people who have been married before don鈥檛 have a desire
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RMS said it found that:
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to do it again, but want their partner to have the same rights as a spouse would.
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Most damage was extremely localized within NapaCounty. Most unreinforced masonry damage was in downtown Napa.
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Johnson wants to make sure Rich has a place to live if he dies before she does. So, they鈥檝e been working with a lawyer to grant her the right to stay at
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Primary damage was due to ground shaking, with little damage caused by fire or sprinkler leakage.
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his house, and have the money to keep it up, as long as she鈥檚 alive. After that, it would get passed on to Johnson鈥檚 son, and Rich鈥檚 daughter and son would
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There was little liquefaction or lateral spreading.
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get whatever she leaves behind from her marriage to their father.
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Unreinforced masonry chimney failures were seen across the region.
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Children can often be the greatest complicating factor when it comes to legal issues surrounding older adults in new relationships, said Powers.
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In the Browns Valley section of Napa, residential damage was concentrated along the fault trace and included slippage from foundations and cracks in walls and garages.
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That doesn鈥檛 just have to do with inheritance, she said, but also with who make decisions about their parents鈥?health and what happens to them after they
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In Vallejo, older buildings and historic structures sustained much of the damage.
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die. Often, when someone falls seriously ill before they鈥檝e sorted out those issues, the spouse and children end up in court, Powers said.
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Most businesses impacted by the earthquake reopened within a week of the event.聽
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That鈥檚 not the case for Johnson and Rich, whose children have been supportive of their relationship all along.
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In regions further afield, such as downtown Sonoma and Yountville, damage was limited, with the exception of a few high-value losses.
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鈥淚 actually feel <a href=http://www.alportico.net/prodotti/christianlouboutin-sale.jkmsw.php>Christian Louboutin Replica</a>  a sense of relief,鈥?Kim Rich said. 鈥淚 tended to worry a lot more about my mom living alone. It鈥檚 so nice to know that she and Doug are
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taking care of each other.鈥?

Revision as of 16:03, 30 September 2014

@@@ But 鈥渢hey were the first to say, 鈥楶eople in my church, they do that all the time,鈥?鈥?she said.

Johnson and Rich want to get married but agreed, for financial reasons, it doesn鈥檛 make sense. Rich receives a pension and free medical care because of her
late husband鈥檚 military service. She鈥檇 lose that if she wed <a href=http://www.avanttravel.com/michaelkorssonline.php> michael kors sale</a>  Johnson.
鈥淲hat if something happened to me the next day?鈥?he said.
The number of elderly American couples living together without getting married is on the rise. Last year, 711,000 unmarried people over 65 were living with
an opposite-sex partner, according to the U.S. Census Bureau. That鈥檚 more than 2 1/2 times as many as a decade earlier.
鈥淚t鈥檚 lost nearly all of its stigma,鈥?said Brown, the sociologist.
Victoria Powers, an elder law attorney in Portland, said there are some people <a href=http://capstone.edu.sg/clreplicashoes.php>Christian Louboutin Outlet</a>  whose value systems dictate that they marry, so they make prenuptial
agreements to ensure that their assets are passed on to their own children. Other times, she said, people who have been married before don鈥檛 have a desire
to do it again, but want their partner to have the same rights as a spouse would.
Johnson wants to make sure Rich has a place to live if he dies before she does. So, they鈥檝e been working with a lawyer to grant her the right to stay at
his house, and have the money to keep it up, as long as she鈥檚 alive. After that, it would get passed on to Johnson鈥檚 son, and Rich鈥檚 daughter and son would
get whatever she leaves behind from her marriage to their father.
Children can often be the greatest complicating factor when it comes to legal issues surrounding older adults in new relationships, said Powers.
That doesn鈥檛 just have to do with inheritance, she said, but also with who make decisions about their parents鈥?health and what happens to them after they
die. Often, when someone falls seriously ill before they鈥檝e sorted out those issues, the spouse and children end up in court, Powers said.
That鈥檚 not the case for Johnson and Rich, whose children have been supportive of their relationship all along.
鈥淚 actually feel <a href=http://www.alportico.net/prodotti/christianlouboutin-sale.jkmsw.php>Christian Louboutin Replica</a>  a sense of relief,鈥?Kim Rich said. 鈥淚 tended to worry a lot more about my mom living alone. It鈥檚 so nice to know that she and Doug are
taking care of each other.鈥?
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