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California is well known for having more than one earthquake every now and again. Like every other natural disaster, the ramifications of an earthquake for California residents range from insignificant to catastrophic. For the most part, California residents do not seem to be all that concerned about having protection against an earthquake for their home and property.
This is evidenced by the fact that only around 10% of California homeowners have added an earthquake policy to their homeowner’s insurance recently. Although California has not experienced any major earthquakes in the last few decades,
Magnus Financial Group LLC lifted its holdings in shares of Brady Corp (NYSE:BRC) by 16.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,185 shares of the industrial products company’s stock after purchasing an additional 715 shares during the quarter. Magnus Financial Group LLC’s holdings in Brady were worth $243,000 at the end of the most recent quarter.