California can make earthquake insurance cheaper by reducing risk

Californians know another major earthquake is coming. The only question is when. Scientists believe that there is more than a 99 percent chance of one or more major earthquakes hitting California in the next 30 years.

Californians know another major earthquake is coming. The only question is when. Scientists believe that there is more than a 99 percent chance of one or more major earthquakes hitting California in the next 30 years. Yet only about 13 percent of California homeowners carry earthquake insurance. Approximately two thirds of California’s residential earthquake insurance...