Midlands Experiences Huge Demand for Earthquake Insurance/Coverage

OKLAHOMA CITY, OKLAHOMA – Oklahoma has become the epicenter of seismic activity as it experiences more earthquakes than anywhere in the world. Before 2009, Oklahoma averaged only two earthquakes of magnitude 3.0 or greater per year, but now there are two per day. According to the U.S. Geological Survey (USGS), a 5.1 magnitude earthquake that shook northwest Oklahoma February 13 was the third-strongest ever recorded in the state (ecowatch.com). More than 4,000 people in 15 states reported feeling that quake (hutchnews.com). And, within the past 24 hours, seven earthquakes rattled the city of Edmond in central Oklahoma.

The result, Midlands Management Corp. has experienced unprecedented demand for earthquake insurance/coverage. Midlands reports that their particular product is in high demand because they do not require a waiting period after seismic events, their policy covers natural and man-made quakes and can be written for homeowners or business property. “We have worked closely with State officials to gain awareness and confidence in our earthquake coverage. Our tag line in the office is simple, “if it shakes and breaks, it’s covered”. Fracking and drilling have caused many people a lot of fear and concern as the majority of carriers exclude man-made earthquakes. Midlands covers all types of seismic events – natural and man-made,” says Jack Coleman, Vice President.

The demand for the Midlands earthquake insurance/coverage has spread into Texas, New Mexico and Kansas. Homeowners and business property owners in these states will soon be able to secure the very same comprehensive and cost effective earthquake coverage that Oklahomans now have access to. Midlands Management Corp. is a leader in the wholesale brokerage and insurance services industries. For more than 25 years, Midlands has been protecting critical financial assets by providing total insurance solutions. Find out more at midlandsmgt.com.

MEDIA CONTACT Mandee Wilson | mwilson@midman.com | midlandsmgt.com