Every six years the U.S. Geological Survey (USGS) produces an updated set of seismic hazard maps for the United States. These National Hazard Maps show the estimated probabilities of different levels of ground shaking by location, and the maps are used by engineers for building and other structural designs in earthquake-prone areas. The maps also provide guidance for local building codes and inform the earthquake catastrophe models.

The most recent report was released in 2014 and will eventually provide the basis for all of the U.S. earthquake models. Because of added complexities, it’s taking the modeling companies longer than usual to incorporate the updated information. This article explains the new report, why it’s more complex and the most important implications for senior insurance executives....

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