Constant quakes: Life on the edge (of a divergent plate boundary)
The image at left represents all of the earthquakes in Iceland in the last 48 hours as of the writing of this article. Can you guess how many there were? 15? 37? 111. Icelandic Seismicity While that may seem incredible, for contrast there were nearly twice as many in California in the same time span. USGS Earthquake tracker Most of these quakes are very small, less than magnitude 1, and are not dangerous. But the Earth's surface is in a constant state of change. Earthquakes are our evidence of this. In a place like Iceland, where a tectonic plate boundary is a defining feature (really THE defining feature in Iceland) nothing less than constant seismic activity can be expected. The reassuring news for the people of Iceland is that a divergent plate boundary is the least likely to produce a lethal earthquake.
(at left: Image of ground movement in a strike-slip fault)
In a strike-slip fault where two plates slide past each other, like the San Andreas in California, energy is built up over decades or centuries as the two plates attempt to move past each other. In a divergent plate boundary, (like the one under Iceland) the plates moving away from each other are less capable of storing energy before releasing it in earthquakes. This isn't to say that Iceland goes unprepared. University of Iceland: earthquake research projects They have an extensive emergency response network, trained and ready to deal with earthquakes as well as volcanic eruptions. Icelandic civil protection bureau Iceland as a nation also has one of the strictest building codes in regards to their resistance to seismic motion. Details on Icelandic earthquake-proofing I think it's safe to say the Icelandic people have a very real understanding of, and practical and extensive approach to, the natural hazards of their island.