The Insurance Information Institute produced a lower estimate of “well under $1 billion”, but added that the 6.0 magnitude event rivalled the intensity of California’s 1989 and 1994 earthquakes.
RMS recon teams found that damage from the South Napa Earthquake was within expectations given its magnitude and location.
After surveying areas affected by the earthquake, RMS found that the majority of damage was extremely localised within Napa County.
“The majority of businesses impacted by the earthquake reopened within a week of the event, following repairs and cleaning efforts. Most area wineries were impacted in some way – primarily by storage barrel damage – but are now open for business,” said RMS.