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Natural catastrophes

2016

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Insuring Landslides: America’S Uninsured Natural Catastrophes, Christopher French Dec 2015

Insuring Landslides: America’S Uninsured Natural Catastrophes, Christopher French

Christopher C. French


Landslides occur in all fifty states and cause approximately $3.5 billion in property damage annually. Yet, in America, “all risk” homeowners and commercial property insurance policies exclude coverage for landslides, and there is only limited availability of expensive, stand-alone “named peril” insurance policies that cover landslide losses. Consequently, the affected homeowners are often left financially devastated—homeless with a mortgage to pay on an unsaleable piece of property.

This Article analyzes the problem of insuring landslide losses in America and proposes ways to help solve it. It describes both historical and recent landslide events. It discusses the insurance industry ...