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TechInnovation

Billions of dollars in damage and decades of research, but quakes still are hard to predict

Geologists say there is still no reliable way to predict specifically when or where an earthquake will strike or its strength

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So far the most effective technology to handle earthquakes has been seen in building design and construction.
CNBC

In less than a week, on opposite sides of the world, earthquakes have killed hundreds and brought billions of dollars in property damage and economic losses.

But despite decades of research and advanced monitoring and modeling technologies, the science of predicting earthquakes remains elusive.

Back-to-back earthquakes this week in Ecuador and Japan have devastated those regions, inflicting heavy loss of life and property.

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In Ecuador, President Rafael Correa declared a national state of emergency for six of the country's worst-hit provinces after a 7.78 magnituide quake struck the country's coastal region Saturday. As of Thursday, the death toll had risen to 570, with more than 4,600 injured. More than 1,100 buildings were reported destroyed and more than 800 damaged, according to catastrophe modeling firm AIR Worldwide.

The company said its initial estimate of insured losses was between US$325 million and US$850 million. But those estimates don't include the far larger losses from uninsured property, infrastructure damage and relief efforts to help thousands of displaced households.

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Correa on Monday said the rebuilding effort would cost billions of dollars and could inflict a major toll on the nation's oil-dependent economy, which has already suffered from the drop in crude prices

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