California Earthquake Forecast

Despite a softening market, property underwriters continue to be wary of cat exposed areas. Not only are the hurricane-exposed Atlantic and Gulf coasts, which get the most media scrutiny, a concern, but California represents a severe earthquake exposure. According to recent reports from the USGA, the California earthquake exposure is significant. One report concluded: California has more than a 99% chance of having a magnitude 6.7 or larger earthquake within the next 30 years (see here). Another recently released study...