NU Online News Service, June 16, 3:15 p.m. EDT
While the probability of an earthquake in the Pacific Northwest is considered "low" in the near future, insurers need to be mindful that they do occur and should mind their risk placements in cities there.
Aon Benfield offered the suggestion in a report titled "When the Earth Moves: Mega-Earthquakes to Come?" that reviewed the prospect of significant earthquakes throughout the world.
The report notes that 30 percent of commercial and residential property in the Pacific Northwest region has earthquake coverage. Coverage there costs half of what it does in peak earthquake zones in California.
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