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A new report by modeling firm Risk Management Solutions estimates a 7.2 magnitude quake along the Peninsula segment of the San Andreas Fault could result in $19 billion in insured losses -- about $4 billion in residential losses and $12 billion in commercial losses.
Seems kind of cheap, really. Especially if you compare it to all our gov't bungles recently. Now, I'm including ehealth, infoway, Niagara Tunnel, the lack of any nuclear plants when all the old ones are about to go tits up, and future disposal money at Bruce. Of course, it would be cheating to include our very own, up and coming, Toronto Earthquake!
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