New earthquake fault lines have been discovered on the West Coast, including in Los Angeles and Spokane, Wash., but it is yet unclear how this may affect home development or insurance rates in the at-risk areas.
In California, state geologists revealed two maps of active faults running through several Los Angeles neighborhoods. One is of the Hollywood Fault, a 10-mile long fracture the Wall Street Journal reports may produce a 7.0 magnitude quake strong enough to rupture the earth.
It splinters right below the site of Millennium Hollywood, a proposed $664 million residential and commercial development in halted development (the 1972 Alquist-Prolio Act prohibits building above active earthquake faults). Luke Zamperini, the city's chief building and safety inspector, said all planned projects in the neighborhood would have to be re-evaluated under a fault-rupture study.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
