Property Casualty Insurers Association of America Property Casualty Insurers Association of America
  • Staff Contact: Nicole Mahrt-Ganley     
    • Printer-Friendly Printer-Friendly PDF Export PDF Export

  • FOR RELEASE ON RECEIPT
  • November 30, 2018
  • 7.0 Anchorage Earthquake: Insurers Ready to Help Policyholders
  • Insured homeowners, renters, business owners, and motorists should contact their insurance company or agent immediately if damage is sustained

     

    ANCHORAGE, AK. — In the wake of the 7.0 magnitude earthquake in the Anchorage area today, the Property Casualty Insurers Association of America (PCI) urges area residents to be watchful for signs of structural damage and call your insurer as soon as possible to file a claim.

    It’s still too early for loss assessments, but there have been reports of extensive power outages and building damage. Experts from the insurance industry are available to explain how earthquake insurance works and what policyholders should do in order to file a claim.  Reporters can contact Nicole Ganley at nicole.ganley@pciaa.net or 916-616-5855 to ask insurance-related questions or set up interviews.

    The Federal Emergency Management Agency (FEMA) advises on its website http://www.ready.gov/earthquakes that aftershocks could be possible after an earthquake. FEMA also advises the following:

    Check for gas leaks. If you smell gas or hear blowing or hissing noise, open a window and quickly leave the building. Turn off the gas at the outside main valve if you can and call the gas company from a neighbor's home. If you turn off the gas for any reason, it must be turned back on by a professional.

    Look for electrical system damage. If you see sparks or broken or frayed wires, or if you smell hot insulation, turn off the electricity at the main fuse box or circuit breaker. If you have to step in water to get to the fuse box or circuit breaker, call an electrician first for advice.

    Check for sewage and water lines damage. If you suspect sewage lines are damaged, avoid using the toilets and call a plumber. If water pipes are damaged, contact the water company and avoid using water from the tap. You can obtain safe water by melting ice cubes. 

    “Insurers are ready to help policyholders rebound from this major earthquake,” says Armand Feliciano, PCI’s vice president for state government relations. 

    “Policyholders should continue listening to authorities and evacuate when asked. Contact your insurer as soon as possible through the toll-free phone number, app, or website,” said Feliciano.  “Insurers will move their cat teams into the area and immediately start working with policyholders. Cars damaged by the earthquake will be covered under the comprehensive coverage.”

     

    PCI Earthquake Resources:

    PCI Member Company Toll-Free Policyholder Claim Phone Numbers

    What to do After an Earthquake

    After an Earthquake Infographic

  • PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write $220 billion in annual premium, 37 percent of the nation's property casualty insurance. Member companies write 44 percent of the U.S. automobile insurance market, 30 percent of the homeowners market, 35 percent of the commercial property and liability market and 37 percent of the private workers compensation market.
  • ###