While Thursday’s tremor did not trigger the widespread losses associated with past events, its location in a heavily populated corridor highlights the ongoing exposure profile for underwriters. The 2018 Anchorage earthquake remains the most costly seismic event in recent years, generating municipal damage estimates in the tens of millions, alongside significant disruption to schools, utilities and transport. At the time, officials recorded non-structural and structural impacts across Anchorage, Eagle River and surrounding areas, including broken waterlines, damaged public buildings and extensive road repair needs.