Category Archives: Insurance and Risk Management

Seismic Inflation and Soaring Projected Losses from a Major California Earthquake Uncovering the Vulnerability of Older Buildings

Projected losses from a major California earthquake soar. What’s behind seismic inflation?

Seismic inflation is a growing concern for Californians, as it can lead to significant damage or collapse of buildings during earthquakes. Unfortunately, projected losses from a major California earthquake continue to rise, making it a wake-up call for property owners to take necessary precautions. The vulnerability of older buildings only adds to the severity of the situation, as they were not constructed with modern seismic safety standards in mind. This alarming reality highlights the urgent need for mitigation strategies to protect these buildings from seismic inflation and earthquake damage.