California at risk for major earthquake

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…

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Haiti and Dominican Republic to enter into a time of seismic activity, according to U.S. Geological Survey

Though insurers around the world are holding out hope that 2012 will not be as disastrous as 2011, a new study from the U.S. Geological Survey suggests that that may not be the case. The agency has been investigating earthquakes in the isles of Hispaniola, home to Haiti and the Dominican Republic. In 2010, Haiti was rocked by a strong 7.0-magnitude quake that cost the lives of more than 300,000 people are decimated entire communities throughout the nation. Researchers say that this may not be the last big earthquake that…

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