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Chances Of Another Big Chilean Quake Remote, But Risk Remains

The chances of another earthquake in Chile like the one that occurred in February are slim, according to risk modeler AIR Worldwide.

By Chad Hemenway | Updated on August 30, 2010

NU Online News Service, Aug. 31, 3:21 p.m. EDT

The chances of another earthquake in Chile like the one that occurred in February are slim, according to risk modeler AIR Worldwide.

The magnitude 8.8 earthquake in Concepcion on Feb. 27 caused between $5.5 billion and $8.6 billion in insured losses. But a new paper released by AIR states that the quake used up all the seismic energy–175 years worth–in the region so the risk of another earthquake in the near future on the same fault segment is very low.

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