(Want to get California Today by email? Californians are very underinsured for earthquakes — a problem we examined in a recent article. But who owns the risk? A study set to be published next week by a Washington-based research organization argues that the federal government is glaringly exposed to earthquake risk and should be taking steps to protect itself — and American taxpayers — from the next big one. “Our message is that this is the largest uninsured catastrophe risk currently in the financial markets,” Mr. Lehmann said in an interview.

Source: New York Times September 11, 2018 12:33 UTC