Should you get earthquake insurance?

The factors stirring up a home insurance storm

The cost of the average home insurance premium shot up 33% between 2020 and 2023 in the US, a trend mimicking heightened inflation. But beyond the cost, insurers are also pulling out of major markets like Florida and California, and millions of policies aren't being renewed as the number of $1B weather disasters continues to increase each year. Read up on the difficulties the home insurance market faces here.

Earthquakes of identical magnitudes are unlikely to cause equal damage

The severity of earthquakes depends on factors beyond the energy released in a region, including local architecture and geological conditions, such as water-saturated soil behaving like quicksand. Secondary effects, such as landslides, floods, and fires, may also contribute.

Earthquake early warning systems do not predict earthquakes

Systems like ShakeAlert® use a network of hundreds of ground sensors to detect earthquakes moments after they begin. Since seismic waves travel about 5 km/s, individuals may be notified of earthquakes before they feel the seismic activity has reached them.

Homes in areas increasingly prone to natural disasters often aren't covered by private insurance

Instead, they're often covered under insurance plans of last resort, known as FAIR (Fair Access to Insurance Requirements) plans. However, as more and more homes become covered by FAIR, the program is facing strain. This interactive visual helps explain the new problems FAIR is facing.

Visualize the power and frequency of earthquake magnitudes

About 150 medium earthquakes—magnitude 6.0—occur every year, resulting in moderate shaking and some property damage. While millions of earthquakes below category 2.0 occur yearly, fewer than one of category 9.0 or higher occurs on average.

The Richter scale was only intended to quantify Southern California earthquakes

The scale, designed to rate the energy of the largest seismic waves released by an earthquake, was calibrated to the region’s crust and mantle properties. Since the 1970s, seismologists have instead used the moment magnitude scale, which considers all waves of released energy.

Flood insurance policies from the National Flood Insurance Program cost just over $1,100 per year on average

Private residential policies range from $600 to $2,800 per year. Taking steps to lower flood risk in your home, such as installing flood vents or elevating home utilities, can make premiums cheaper.

If, not when: An earthquake is destined to destroy the Pacific Northwest.

When the Cascadia fault line ruptures, it could be North America’s worst natural disaster in recorded history. Read a deep dive into the history of the region and the potential impact of the eventual seismic boom.

What makes the Earth shake?

Researchers are demystifying the science of earthquakes—from their origins deep within the Earth to the scales that measure their strength. This article, which was part of a series of weekly reports from Cornell University, serves as a guide to...

View a map of the world’s major earthquakes from 1956-2022

Such maps can help identify tectonic plate boundaries. The most significant earthquakes are characteristic of converging plates, such as those in the Circum-Pacific Belt and the Alpine-Himalayan Belt, where the Himalayas continue to grow.

Mortgage insurance offers help to buyers who can’t afford to put down 20% up front

Buyers who need mortgage insurance end up paying more per month on top of their loan to cover the added insurance. At its core, mortgage insurance helps buyers purchase a home they can’t afford, letting them put down 20%, while protecting lenders offering potentially risky loans.

Small elevation differences drastically protect homes in hurricanes

The construction of seaside homes has long involved building residences on elevated stilts, but this feature adds costs—and some elevated homes still fail. Explore the engineering behind the ideal height of a hurricane-proof building.

Life insurance policies are often recommended for people with financial dependents

If you’re a parent, spouse, business owner, homeowner, or if you hold a lot of debt, you might want to consider life insurance. It can replace a loss of income or pay off debt.

Tectonic earthquakes are caused by interactions of tectonic plates at fault zones

At these locations, plates slide past one another, deforming rock through friction as energy builds like a stretched rubber band. Volcanic eruptions, the collapse of subterranean caverns, or underground nuclear explosions can also cause earthquakes.

If you decide to buy term life insurance, coverage will eventually expire

If you decide to buy term life insurance, you’ll no longer have coverage once the agreed-upon timeframe is over. You can always plan ahead to pay off major expenses before your coverage ends, but if this doesn’t happen, you may need to renew or replace your policy.

Most life insurance policies cover death by natural causes or accidents

However, some other causes aren’t always covered. Suicide in the first two years of coverage, high-risk activities or jobs, and war or terrorism aren’t typically covered by life insurance, for instance. However, some added benefits (or “riders”) can account for some of these situations.

An 800-ton shake table is the world's largest earthquake simulator

After the 1995 Kobe earthquake killed over 6,000 people, Japan created E-Defense to reproduce the force of earthquakes and test them against structures as tall as 10 stories, leading to changes in Japanese building codes to reduce collapse rates.

Should you give up a car in retirement?

Did you know that drivers over the age of 74 tend to pay higher car insurance rates than most other age groups? That small fortune in auto insurance payments is just one reason some people give up a car when they retire. If you're curious about the pros of getting rid of your car when you retire, read this article.

Some people don't like talking about life insurance—perhaps because they fear death

But CBS News business analyst Jill Schlesinger makes a case for why life insurance is worth discussing anyway on this "CBS Mornings" segment. She also reviews the different types of life insurance, who can be a beneficiary, and other basics.

Surprising costs associated with homeownership include taxes and roof maintenance

Owning a home includes not just expected costs such as a mortgage, homeowners insurance, and landscaping, but also less-obvious expenses like property taxes, repairing and maintaining one’s roof and HVAC system, and HOA fees.

California has the highest median rent in the US at $2,104

Hawaii has the second-highest median rent in the US at roughly $1,942 per month, including utilities. That's as of 2024, based on data from the US Census Bureau.

How to prepare your finances for a layoff

Getting laid off is often unexpected—but that doesn't mean you can't plan for the worst, financially speaking. This article provides a few key tips on how and when to get your finances in order if you're worried about being laid off, such as looking into the cost of replacing employer-sponsored benefits like healthcare. Read more here.

How search and rescue teams remove survivors from rubble

At any time, large-scale seismic activity can devastate entire regions, often with little warning. Emergency responders, then, are perpetually on call. This is particularly critical in areas with poor infrastructure.

Boomerang earthquakes reverse direction and ripple back the way they came

Computer simulations show that rapid changes in friction along a fault where an earthquake has traveled for long distances can produce a smaller quake in the opposite direction. Data consistent with the phenomena has only been recorded a handful of times from 2011 to 2023.

America's most expensive ZIP codes

Real estate brokerage Clever evaluated home prices using Zillow and listed the top 10 priciest ZIP codes. Eight of the top 10 regions are located in California. Check out the full list here.

Everything you need to know about emergency funds

The general rule of thumb for emergency funds is that you should have three to six months of living expenses saved—but what does that mean exactly? This article answers all your specific emergency fund questions, such as where you should put those emergency reserves, whether you should save three to six months of your full salary or just enough to cover three to six months of bills, and more. Read it here.

Some California cities outsource their public services entirely to the county

Southern California's "contract cities" incorporate as municipalities but pay Los Angeles County for police, fire, and other services rather than running their own departments—a cost-saving model common across the region.

Portugal's 1775 earthquake is considered Europe's first modern natural disaster

An 8.5-magnitude earthquake off the Portuguese coast nearly destroyed Lisbon, killing thousands, creating 16-foot-wide fissures in the city, and triggering a massive tsunami. Historians credit it with jump-starting the Enlightenment in the region, with many thinkers seeking natural explanations.

How NASA measures marsquakes

Most probes sent to other planets and asteroids focus on surface phenomena, but NASA's InSight Lander is interested in looking deeper. Studying marsquakes as well as the red planet's crust and core, InSight provided four years of insight into how the rocky planets of the inner solar system formed.

Why Turkey's earthquakes were so deadly

The death toll from February 2023 has reached the tens of thousands, making it one of the deadliest natural disasters of the century. The intense seismic activity combined with poor and unregulated construction in many areas to drive fatalities....

The earliest earthquake-detection device—the seismoscope—was invented in China in 132 CE and featured eight ball-wielding dragons facing different directions.

The value of a dollar differs from state to state

Did you know that $100 is worth 26% less in California than in Arkansas? The value of a dollar isn't consistent in every US state due to a multitude of factors, such as taxes and other varying cost-of-living differences.

Public school districts are subsidizing housing for their teachers

In the face of stagnant wages and a widespread teacher shortage, some public school districts are offering subsidized housing for teachers, hoping the benefit will attract and retain highly qualified educators. California has been at the forefront since 2016, with housing complexes constructed in expensive areas like San Francisco and Daly City.

At one point, the land underneath the Imperial Palace in Japan was reportedly worth more than California

Before Japan's economy crashed and sent the country into two decades of deep deflation, the real estate market was experiencing euphoric highs. The Imperial Palace never actually went on the market, so it's difficult to actually compare the value to California.

A nearby super volcano poses an even greater risk to Italy than Vesuvius

The Campi Flegrei supervolcano, with over half a million residents nearby, may be the region’s true threat. This BBC short shows how scientists monitor Campania’s volatile geology—and why people remain drawn to the landscape despite the danger.

The film industry is responsible for more than 200K jobs in California

Hollywood films generate roughly $49B for the US economy each year. In California, the film industry provides more than 200,000 jobs. Industry employees were paid more than $42B in wages in 2022.

A ‘rent vs. buy’ financial calculator

The New York Times built a continuously updated financial calculator to help potential homebuyers figure out which makes more sense given their individual situation: buying or renting a home. It takes into account how long someone plans to own the home for, mortgage rates, and more.

Disposal wells for fracking wastewater have been linked to spikes in seismic activity

A study of all such underground wells in the central and eastern US found that they were 1.5 times more likely to be associated with earthquakes than oil recovery wells. The link between fluid injection and earthquakes was strongest at disposal wells where fluid was injected quickly.

Calculate: Do you need to file for bankruptcy?

About 77% of American households had some debt at the end of 2023. However, when debt becomes crushing, it's time to consider a management plan or a bankruptcy filing. This calculator helps explore whether debt is manageable based on inputs like medical debt, payday loans, and gross annual income.

Explore tips from the American Red Cross on preparing for a tornado

If you live in a region prone to tornadoes, have a plan to retreat to a safe room built to withstand strong winds, such as an underground shelter or a windowless room at the lowest level of a study building, in case of a tornado warning. Having a stay-at-home kit with non-perishable food and water, medications, batteries and chargers, and a battery-powered radio is also essential.

How the California wildfires are impacting wildlife

The deadly 2025 Eaton and Palisades Fires in California have devastated neighborhoods, forested canyons and chaparral—a type of shrubland. In addition to taking dozens of human lives and displacing thousands, the fires destroyed countless habitats and displaced many species. See the unfortunate effects of the flames on wildlife populations, including birds, snakes, wildcats, and fish.

As of 2026, the majority of US states have unsafe radon exposure levels

Alaska, South Dakota, Pennsylvania, Ohio, and Washington top the list of states with exposure levels above 4 picocuries per liter for this naturally occurring radioactive gas. While these state-level averages vary from one county, municipality, and home to another, the EPA encourages those in the highest-risk states to test their homes.

Earth's core is leaking precious metals, including gold

Earth's core, containing 99.999% of all known gold, is leaking trace amounts of precious metals into the mantle. Advanced isotopic methods have detected this leakage at volcanoes in Hawai'i, providing new insights into the movement of material beneath Earth's surface.

Getting prequalified or preapproved for a loan is typically step one in securing a home loan

While prequalification and preapprovals give buyers an idea of the type of loan offer they might expect, the prequalification process is much more straightforward than getting preapproved. However, some real estate agents require buyers to get preapproved, and some sellers may take a buyer's offer more seriously.

If your job doesn’t offer a 401(k), you still have retirement savings options

Do you know more than a third of working adults aren't offered a 401(k) through their jobs? If you're part of that group, you still have options for retirement savings, including IRAs, taxable investment accounts, and more.

The cost of new home construction in each US state

When the real estate market is competitive, homeowners may look to new construction to save money. Today's Homeowner conducted a survey to determine how much it costs in each state to build a new, 2,100-square-foot home. They found the national average is just over $332K. Go here for your state's data.

Annuities are regulated at the state level

However, certain types of annuities, like indexed annuities, are also nationally regulated by the SEC and the Financial Industry Regulatory Authority to protect investors.

Each state has its own regulations regarding marriage

Some states don’t even require a ceremony or license, opting to allow “common law” marriages. Prenuptial agreements and other legal matters will likely require an attorney’s help. And marriages can offer benefits, like tax breaks.

View US maps of average daily solar resources and solar-based electricity generation

The state you live in can drastically change how much solar energy you can expect to capture to power your home. These National Laboratory of the Rockies maps show where you can reliably generate solar resources.

Not all companies with bank-sounding names are actually FDIC-insured banks

When purchasing a certificate of deposit, it's important to know if you are purchasing a “deposit” product issued by an FDIC-insured bank.