Big Quake Could Cause $30B Damage to Oregon
A state commission says a magnitude 9 earthquake off the Oregon coast and tsunami could cause more than $30 billion damage to the state economy.
Such a quake also could kill as many as 10,000 people in the state, but the report from the Earthquake Commission focuses on survival and recovery.
The Oregonian reports the commission released the report Monday that calls for 50 years of seismic upgrades to limit the damage.
The commission was created by the Legislature in 1991 and the report was drafted with the help of more than 150 experts.
The Oregon Seismic Safety Policy Advisory Commission meets Tuesday in Portland to vote on adopting the report.
Experts say a massive quake in the Cascadia subduction zone is inevitable, but no one knows when.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today
- Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’
- 4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
- Apollo Accused in Lawsuit of Illegal Human Life Wagering Scheme
- Work Safety Group Releases List of ‘Dirty Dozen’ Employers
Popular This Month
- Report: Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair
- CoreLogic Report Probes Evolving Severe Convective Storm Risk Landscape
- California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting