An Earthquake Shouldn’t Shake Your Subrogation Claim

On Friday, November 30th, a magnitude 7.0 earthquake struck Alaska, approximately 10 miles northeast of Anchorage. Thankfully, the damage appears to be limited mainly to property loss, and a lot of that can be attributed to Alaska’s stringent building codes and standards. Alaska has more earthquakes than any other region of North America and is one of the most seismically active areas of the world. On March 27, 1964 (also a Friday), Alaska experienced a 9.2 magnitude earthquake, the largest earthquake in U.S. History, and the second-largest earthquake ever recorded. In that earthquake, Anchorage sustained heavy property damage: a reportedly estimated $2.3 billion in property losses in today’s dollars.