Earthquake Risk Transfer

If you live in California, the question isn’t if another earthquake will strike—it’s always when. That’s why the question “When was California’s last major earthquake?” isn’t just about history. It’s about awareness, preparedness, and learning how to read seismic risk in real time.

In a seismic wake-up call that has sent shockwaves through South America, Venezuela was hit by two major earthquakes exceeding magnitude 6.0 on September 25, 2025—clustered near the volatile Colombia-Venezuela border.

Natural disasters such as earthquakes, hurricanes, and wildfires can have devastating effects on communities, infrastructure, and personal finances. Being financially prepared for such events is crucial, and one of the key components of this preparedness is having a credit card. Applying for a credit card after a disaster strikes is often too late to address immediate needs and challenges. Here’s why having a credit card before a disaster can make a significant difference in managing the aftermath effectively.

Parametric insurance is known as an index-based insurance policy and coverage is based on a metric from the collection of reliable data from third-party source. The claims payment amount is agreed to in advance and is triggered when the threshold is exceeded even without any damages.

Access to Earling's short-term earthquake risk models can significantly benefit risk owners in transferring their earthquake risks through parametric insurance. For instance, consider the scenario where Earling's technology detected an elevated risk of an earthquake with a magnitude larger than 6 in a specific region. With this early warning, a business operating in the area could proactively seek parametric insurance coverage to protect against potential losses resulting from the forecasted earthquake.