Virtual Earthquake Reconnaissance Team (VERT) Summary by Sahar Derakhshan.
“Fifty-eight people were reported killed and more than 900 were injured in the quakes. The Japan Fire and Disaster Management Agency estimated that more than 3,900 residences and 120 nonresidential buildings were damaged or destroyed. The quakes damaged highways, rail lines, bridges and other infrastructure, causing short-term disruption of airline and train service. There also were “significant” supply chain and production interruptions for regional industries” (Source).
AIR Worldwide estimates that insured losses to properties from the April 16 M7.0 earthquake that struck Kumamoto Prefecture on Japan’s Kyushu Island will be between JPY 180 billion (USD 1.7 billion) and JPY 320 billion (USD 2.9 billion). AIR’s insured loss estimates reflect Insured physical damage to onshore property, both structures and their contents, and from ground shaking, fire-following, and liquefaction.
Risk Management Solutions Inc. (RMS) has estimated the insured losses resulting from the earthquakes at between USD 2.5 billion and USD 3.5 billion; including residential, commercial and industrial buildings.
