NU Online News Service, Jan.19, 3:59 p.m. EST

The Insurance Information Institute warned today that the severe earthquake in Haiti is a reminder that the United States is vulnerable to the same type of catastrophe and is woefully underinsured.

I.I.I. noted that the potential cost of U.S. earthquakes has been growing because of increasing urban development in seismically active areas and the vulnerability of older buildings, which may not have been built or upgraded to current building codes.

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