A new scientific study on the impact of a major earthquake in Canada, released in Ottawa on October 29th, 2013, by Insurance Bureau of Canada (IBC), leaves no doubt that Canada is not prepared to handle a major earthquake, which could happen at any time, and that the economic impact would be significant. IBC commissioned the study by AIR Worldwide, global experts in catastrophe modeling. The study is a peer-reviewed analysis of the impact of two major seismic events: one in British Columbia (western scenario) and the other in the Quebec City-Montreal-Ottawa corridor (eastern scenario).