Our understanding of earthquake risk is ever-changing. Over the past two decades, the United States Geological Survey (USGS) has released five iterations of the National Seismic Hazard Model (NSHM), which is commonly used in risk assessment. From the hazard updates in the latest USGS 2018 update, through to vulnerability assessment and advances in simulation modeling, there is so much insurers need to understand for their own catastrophe modeling and risk assessment.

A recent CoreLogic Earthquake Webinar gathered hazard scientists, engineers and loss modelers to explore how these changes to the U.S. earthquake puzzle impact risk and what insurers need to know. Topics covered include:

• What’s changing in the latest USGS 2018 hazard update
• How the USGS update impacts hazard
• How our understanding of vulnerability is evolving
• The potential implication of these changes on risk

CoreLogic has been building and updating earthquake solutions for over 30 years and is able to simulate 300,000 years of earthquakes on a “what could happen” basis. To learn more about hazard risk and how to properly assess your portfolio risk, or for a preview of the next update coming to the National Seismic Hazard Model in 2023, please tune in to the 30-minute webinar, “The U.S. Earthquake Puzzle: What Changes Are Coming.”

For more information on CoreLogic’s catastrophe risk management solutions, please visit their website.

By Saumi Shokraee