NU Online News Service, Dec. 7, 3:11 p.m. EST
Insurers could be looking at losses of between $5 billion and $50 billion if even a moderate series of earthquakes was to occur adjacent to major urban areas in the New Madrid region, according to a Risk Management Solutions analysis.
In an RMS report, "Risk Implications of Alternative Views of New Madrid Seismic Hazard," RMS says that should such an event occur, "Insurance payments are forecast to cover 60 to 80 percent of total economic losses, thus contributing significantly to recovery in the region."
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