Nevada Earthquake Risk

Fig 1. Largest major earthquakes in Nevada; 2020 - Present, followed by Earling Earthquake Preparedness Alerts

Nevada is the third most seismically active state, following Alaska and California. Researchers say northern Nevada faces the risk of a large quake, like the July 5, 2020, 7.1 magnitude earthquake centered on the California town of Ridgecrest. A swarm of 60 small tremors in June were a reminder that faults in that part of the state can shift dramatically at any time. The biggest potential problem for Southern Nevada is the faults near the California-Nevada border in Death Valley, undercover regions to receive First Notice alerts during high-risk time-window, when probability of an unusual seismic activity is increased. Director of UNR’s Nevada Seismological Lab advises that everyone in Nevada get earthquake insurance on their homes so entire communities can withstand a large quake. The best time to purchase an earthquake insurance or increasing its coverage is when probability of a major event is remarkably increased, when Earling First Notice alert is issued, not even for a year, but only for during high-risk time-window.

New Opportunities in Nevada Earthquake Preparedness Alert

Since 2020, Earling First Notice alerts have a history of success stories in detecting high-risk seismic time-window in Nevada, especially in the northern region.

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Fig 2. First Notice issued alerts vs earthquakes > M5 in Nevada in 2021.

Solutions to Transfer Earthquake Risk in Nevada

Public Users and Businesses

One of the best solutions for public users and businesses to transferring earthquake risks is JumpStart in which helping to transferring up to $10,000 risks even by $10. It is our legal obligation is helping society increase financial resilience against disasters, Jumpstart Insurance Solutions. Choose one of the insurance companies who offer earthquake insurance.

Critical Infrastructure

Currently, new opportunities have been provided by Swiss Re, Munich Re, Zurich. Risk owners can transfer earthquake short-term risks in Nevada.

Government

As high-risk time-window detect and alert issued by Earling First Notice, authorities need to act to distribute and transfer earthquake short-term risks of critical infrastructure or increase the current insurance coverage amid to increase resiliency and speed up the recovery stage in form of applying earthquake action plan.

Linked-Insurance Securities

As an investor or invest manager earthquake short-term risks are very helpful to making better decision, based on the current coverage of the insurance companies to manage financial risks before it gets too late.

Insurance and Reinsurance Companies Risk Management

Nevada annual earthquake loss is about $345.9 million based on the Hazus® Estimated Annualized Earthquake Losses for the United States report, which can give an insight about how Earling First Notice can be used as a new opportunity to manage risks before other sectors react to transfer their risks to our partners in the insurance industry. Insurance companies need First Notice alerts as the firsthand data based on new technology in the insurance industry in which helps to manage earthquake risks through on-demand pricing. The only thing that an insurer is needed to manage severe ground condition risk during the high-risk time-window is making insurance premium unattractive through pricing or other strategies like it. Earling First Notice alert sends in a prioritized manner, and the financial market including the insurance industry are in the highest priority. Reinsurance companies need to specify new templates and contract demanding attention and rapid decisions based on earthquake short-term risks. Otherwise even in the public sector, every 1000 new high-risk customers can make between $22-$100 million risk in an instant. A risk that can be easily manage through Earling First Notice. Earthquake risks can be easily getting up to $50 million for business or government sectors on each new contract. Earthquakes no longer are low-probability high-impact risks, based on the new technology earthquakes happening when high-probability, high-impact alerts are issued.