East Bay quake could cause $30bn insured loss: CoreLogic

A hypothetical rupture 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 insured loss would account for less than 20 percent of the
overall private property damage in the region, which could amount
to $170bn, the company said.
The $140bn financing shortfall is largely due to the low
purchase rate of earthquake insurance and "presents a real
risk to effective regional recovery", CoreLogic...