Consultant Estimates Losses From Napa Quake At $1 Billion

  Thursday, December 18th, 2014 Source: St Helena Star

Using computer models, a catastrophic risk management firm estimates the south Napa earthquake caused an estimated $1 billion in damages — more than twice the amount of earlier local estimates. Ten percent of homes in Napa’s Browns Valley and 20 percent of residences in the downtown area were damaged in the Aug. 24 earthquake, according to a report by Karen Clark & Co., a firm based in Boston. According to Karen Clark & Co., 40 percent of the $1 billion in losses was residential, and the rest was from both commercial and industrial buildings.

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