Tag: San Andreas Fault

California at risk for major earthquake

S.Vagus
San Andreas Fault Line California earthquake insurance

Geologists meet in California to highlight earthquake concerns California is no stranger to earthquakes; indeed, thousands of seismic events of varying degrees happen every day in the state. Last week, concerns regarding a massive, nationwide earthquake were drummed up when more than 9 million people throughout the state participated in an earthquake drill. California insurers are well versed in the risks associated with earthquakes in the state. What has many insurers worried, however, are the risks associated with a nationwide catastrophe. The U.S. Geological Survey met with risk professionals in…

Read More

Study shows large earthquake in Southern California would severely damage the economy

Nordstrom

The results of a recent study performed by the U.S. Bureau of Labor Statistics (BLS) showed that a large earthquake in Southern California would cause significant harm to the buildings and the economy in the region. It said that if the area experienced a quake with a 7.8 magnitude along the San Andreas Fault’s southern portion, there would be millions of employees of hundreds of thousands of businesses in Riverside, San Bernardino, Imperial, Ventura, Kern, and Los Angeles counties who would be affected. Not included in this research was San…

Read More