The report, “Lessons from recent major earthquakes”, says in the last two years several large earthquakes have caused a “devastating number of fatalities and injuries” as well as widespread damage to property. “The cumulative catastrophic impact of earthquakes on society is overwhelming. Seismic events caused economic losses of over $276 billion [SFr 261 billion] in 2010 – 2011, yet highly earthquake-prone countries remain underinsured,” it says. Read More