An East Bay quake could mean $30bn loss: CoreLogic

A hypothetical eruption of the Hayward fault along San
Francisco's East Bay could create a $30bn insured loss,
according to CoreLogic, a real estate data and analysis firm.
The loss would only account for less than 20 percent of the
overall private property damage in that region, where the eruption
of the highly dangerous fault line could create $170bn in damage,
the company said.
The $140bn financing shortfall is largely due to the low
purchase rate of earthquake insurance and...