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News - Repeat of 1811 New Madrid quake in South-eastern US "could cost $60bn".
(From Reinsurance)
Risk Management Solutions (RMS) has announced the launch of a major update to its US and Canada earthquake models.
Using the new model and insured exposure as of 2006, RMS estimates that the states east of the Rockies comprise 20% of the average annual loss from earthquakes in the US.
The majority of this 20% comes from the five states surrounding the New Madrid seismic zone (Missouri, Illinois, Tennessee, Kentucky and Arkansas). RMS estimates that a magnitude-7.7 earthquake along the New Madrid fault, similar to the one that occurred in December 1811, would ...
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