Estimated Insured Losses For The Top 10 Historical Earthquakes Based On Current Exposures (1) |
($ billions)
|
Rank |
Date |
Location |
Magnitude |
2017 insured loss
(current exposures) |
1 |
1906 |
San Francisco, CA |
7.8 |
$71 |
2 |
1811-1812 |
New Madrid, MO |
7.7 |
59 |
3 |
1700 |
Cascadia Subduction Zone, WA, OR, CA |
9.0 |
47 |
4 |
1838 |
San Francisco, CA |
7.4 |
31 |
5 |
1886 |
Charleston, SC |
7.3 |
30 |
6 |
1994 |
Northridge, CA |
6.7 |
15 |
7 |
1868 |
Hayward, CA |
7.0 |
15 |
8 |
1812 |
Wrightwood, CA |
7.5 |
12 |
9 |
1857 |
Fort Tejon, CA |
7.9 |
8 |
10 |
1989 |
Loma Prieta, CA |
6.9 |
4 |
(1) Modeled loss to property, contents, business interruption and additional living expenses for residential, mobile home, commercial and auto exposures as of December 31, 2016. Losses include demand surge and fire following earthquake and account for tsunami, liquefaction and landslide. Policy conditions and earthquake insurance take-up rates are based on estimates by state insurance departments and client claims data. The model reflects recent updates to seismic and ground motion information as well as updated building characteristics of insured properties.
Source: AIR Worldwide Corporation. |
|