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Canada

Canada: At-risk southwestern BC municipalities consider earthquake coverage

10 Aug 2016, The Globe

Municipalities in British Columbia are considering buying insurance to quickly restore crucial infrastructure. There is a 1-in-3 chance an earthquake strong enough to cause significant damage will hit in the next 50 years. Worse, there's $97-billion worth of uninsured municipal infrastructure. So 22 municipalities are considering joining together to tackle the problem.



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