PEER's Benefits to California
California has the greatest seismic risk exposure of any state in the country. The average annual projected losses to thebuilding stock alone are estimated by FEMA at approximately $3.3 billion in California, or approximately 75% of all the known annualized seismic risk of the entire country. This is due to the combination of high seismicity and high concentration of population and associated businesses and industry in seismically active areas.