Could It Happen Here?

As the casualty count continues to grow from last months deadlytsunamis, experts said the U.S. West Coast is vulnerable to such acatastrophe and the insurance exposure runs into the trillions.

“The coast of California, Oregon, Washington, and also Alaskaand Hawaiithey are all vulnerable to tsunamis,” according toCarolyn Bell, a representative for the Reston, Va.-based U.S.Geological Survey. “Scientifically there is a possibility [anearthquake in the Pacific could create giant tidal waves reachingthe U.S. West Coast]. Its probably fair to say there may be arounda 5 percent chance in the next 30 or 40 years.”

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.