California can lower earthquake insurance costs by reducing seismic risk

California faces a high risk of major earthquakes within the next 30 years, with a 99 percent chance of one or more occurring. Despite this, only about 13 percent of homeowners carry earthquake insurance, largely due to high premiums and deductibles. Efforts such as the Earthquake Brace + Bolt program have successfully incentivized home retrofits to reduce risk, but more comprehensive mitigation and improved public education are needed to enhance coverage and resilience.

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