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Washington Insurance Professionals Gain Insight into Earthquake Risk — New Tool to Assess Multiple Property Risk Factors

Posted By Administration, Tuesday, January 14, 2020

WSRB, provider of unbiased property risk data to insurance companies, has announced a new tool for insurance professionals seeking more comprehensive data on earthquake risk. The tool provides not just distance to fault line but also several other risk factors, all of which relate to whether a property will suffer damage during an earthquake. The tool is free for a limited time for all WSRB registered users.

“Western Washington is prone to earthquakes, but many homeowners and business owners don’t have earthquake coverage. We hope this tool will help agents better educate customers about potential risk so more people can get earthquake coverage if they need it,” said WSRB Vice President and COO Bryan Stanwood. “We’re always working to increase the value we offer our customers, and the Earthquake Risks tool is our latest effort on that front.”

The Earthquake Risks tool provides five earthquake-related data points for any location in Washington state:

  Modified Mercalli Intensity Scale (MMI): a measure of the strength of shaking from an earthquake at a specific location.

  Lahar: a damaging type of mudflow that earthquakes near a volcano can trigger.

  Tsunami risk: potential for a tidal wave to cause property damage after an earthquake.

  Susceptibility to soil liquefaction: a measure of how likely the soil a building rests on is to liquefy and act like quicksand during an earthquake. 

  Distance to fault line: a measure, in miles, from the property to the closest major fault line. 

The tool is easy to use: just a street address or a latitude-longitude is necessary to get all these data points. WSRB has also produced multiple resources to support users:

A blog post providing an overview of the data points, with links to other in-depth blog posts: https://www1.wsrb.com/blog/earthquake-risk-look-beyond-fault-lines

How-to articles on using the tool: https://help.wsrb.com/earthquake-risk

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