19 April 2018Insurance

San Francisco M7.0 earthquake would damage more than a million homes

A hypothetical magnitude 7.0 earthquake epicentered in Oakland would damage more than a million homes and less than 10 percent of total residential losses would be insured because of a low residential earthquake insurance take-up in the Bay Area, according to a scenario developed by the US Geological Survey (USGS).

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San Francisco M7.0 earthquake would damage more than a million homes

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