Newark, Calif. — Risk Management Solutions Inc. (RMS), a catastrophe risk expert, announced the results of a study analyzing the impact of a major earthquake on the Hayward Fault. The study marks the anniversary of the 1868 Hayward Earthquake, which ruptured the southern section of the fault 140 years ago, and was conducted in collaboration with research seismologists led by the U.S. Geological Survey.
Results revealed that a magnitude-6.8 earthquake rupturing the southern Hayward Fault today would result in economic losses between $112 billion and $122 billion-based on the San Francisco Bay area's 2008 population and property exposures-of which $11billion to $13 billion would be insured. The study also revealed that a magnitude 7.0 earthquake rupturing the entire length of the Hayward Fault would result in economic losses between $210 billion and $235 billion, with only up to $30 billion likely to be insured.
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