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Northridge Earthquake Anniversary Prompts Reminders for Pasadena Residents

first_img More Cool Stuff Make a comment Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy This week marks the 23rd anniversary of the 1994 Northridge earthquake — the magnitude-6.7 shaker that caused widespread damage to freeways, office buildings and homes.The cost to rebuild or repair homes has increased by about 170 percent over the past two decades, and authorities estimate that if the Northridge quake occurred today residential damage in the area could be as high as $79 million.“As we commemorate the devastation from 23 years ago, we also need to listen to what is forecast for the future,” California Earthquake Authority (CEA) CEO Glenn Pomeroy said. “The U.S. Geological Survey says there is a 93 percent chance of a magnitude-7.0 earthquake occurring in California in the next 30 years—a massive quake that would be three times as strong as the Northridge catastrophe.“With major earthquakes occurring across the globe, there is a growing sense that our time is coming,” Pomeroy said. “Fortunately, a growing number of Californians are becoming financially prepared for the next big earthquake by taking out an earthquake insurance policy.”In 2016, CEA began offering more coverage choices and deductible options, and larger discounts for retrofitting older houses. Since it was established in 1996, CEA has lowered its rates by more than 55 percent. CEA grew by over 50,000 policyholders last year, a growth rate seven times higher than average over the previous 10 years.“More Californians are becoming aware of the earthquake risk we all face and are taking steps to become financially prepared,” Pomeroy said.Homeowners insurance does not cover damage caused by earthquake shaking. Without a separate earthquake insurance policy, Californians bear the cost to repair or replace alone.“The anniversary of the Northridge earthquake should remind us all that devastating earthquakes have happened in our beautiful state, and they will happen again,” Pomeroy said. “We don’t need to live in fear of the next big earthquake, or the expensive damage it will cause, but we do need to be prepared.”About CEAThe California Earthquake Authority (CEA) is a not-for-profit, privately funded, publicly managed organization that provides residential earthquake insurance and encourages Californians to reduce their risk of earthquake loss. Learn more at www.EarthquakeAuthority.com. Subscribe Name (required)  Mail (required) (not be published)  Website  Your email address will not be published. Required fields are marked * Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News HerbeautyThe Real Truth About The Pain Caused By MicrobladingHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeautyTop Important Things You Never Knew About MicrobladingHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeauty Business: Retail News Northridge Earthquake Anniversary Prompts Reminders for Pasadena Residents Costs to rebuild damaged houses are soaring—so is the value of earthquake insurance From STAFF REPORTS Published on Tuesday, January 17, 2017 | 11:21 amcenter_img Top of the News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Business News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. 12 recommended0 commentsShareShareTweetSharePin it Community News First Heatwave Expected Next Week Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more