After a Magnitude 6.0 Earthquake on the CA-NV Border: Shake and Pay® First-Dollar Earthquake Insurance Experiences a Brief Binding Moratorium
New Paradigm Underwriters, LLC (NPU) has issued a brief binding moratorium for Shake and Pay First-Dollar Earthquake Insurance due to the magnitude 6.0 earthquake near the California-Nevada border on Thursday, July 8, 2021.
- New Paradigm Underwriters, LLC (NPU) has issued a brief binding moratorium for Shake and Pay First-Dollar Earthquake Insurance due to the magnitude 6.0 earthquake near the California-Nevada border on Thursday, July 8, 2021.
- On behalf of New Paradigm Underwriters, LLC (NPU), we appreciate your support of our Shake and Pay parametric earthquake program.
- In light of Thursdays magnitude 6.0 earthquake near the California-Nevada border, we are in a brief moratorium period for binding new earthquake policies within a 150-mile radius of the earthquakes epicenter.
- Although many insureds understand the ongoing risks associated with earthquakes, some insureds will renew their focus on the earthquake peril following events such as Thursdays magnitude 6.0 earthquake.