I see earthquake reports (like this one) describe earthquake depth. What is the significance of it? Is it somehow actionable?
My city Christchurch was fucked by a 6.2 or 6.3 - but it was both (a) shallow (5km) and (b) close to dense residential areas.
Christchurch was near to the 7.1 Canterbury earthquake but that did much less damage as it was 10km deep and Christchurch wasn't on top of it (it mostly affected less dense rural properties in the region near Christchurch).
Be careful not to think of earthquakes as a point - talking about epicentres and precise depth is very misleading. Earthquakes are a fault-sheet or wrinkles. Surface fault lines only show where the 3D rips through the solid earth meet the surface. Fault lines matter a bit especially since they indicate local shallowness, but I suspect we get distracted by them because they make spectacular news reports. Reality is complex.
My parents house was right above the fault plane of the Canterbury fault - and their house came though mostly okay. I know lots of people very near the Christchurch quake and many of their houses were unrecoverably damaged.