One of the most resilient sectors during the COVID-19 crisis has been industrial, as more people turned to online shopping. According to CBRE, demand for industrial space has exceeded supply for 42 consecutive months, with net positive absorption of nearly 57 million sq. ft. in the third quarter, bringing total space absorbed year-to-date to about […]
According to IRMI (International Risk Management Institute, Inc.), probable maximum loss (PML) is the traditional measure of earthquake loss popularized by the insurance and seismic engineering industry in the 1980s. Historically, the PML is based on a deterministic analysis, using an event on the controlling fault for a site having a magnitude that is not […]
The San Francisco Chronicle reported an earthquake west of Lake Berryessa that the U.S. Geological Survey recorded at 3.6 magnitude shortly before sunrise on a Monday morning in late October. This is no surprise given that this area sits between two active fault lines. There are literally thousands of low-velocity trembles that occur each year […]