Karen Clark & Co estimates insured losses from Haiti earthquake to be $250m
Catastrophe risk modeller Karen Clark & Company (KCC) estimates the insured losses from Saturday’s (Aug 14) 7.2-magnitude earthquake in Haiti to be about $250million.
The KCC Caribbean Earthquake Reference Model also estimates the insurable losses from the natural disaster to be around $1.7 billion.
A KCC report says the impact is “expected to be significant” but not as devastating as the 7.0-magnitude earthquake which hit the country in 2010 and directly impacted the capital Port-au-Prince.
The report adds: “Numerous hotels and churches on the southwestern coast were destroyed, including in Les Cayes, a major seaport. To the northwest, the roof of a cathedral and many other buildings collapsed in Jeremie, a coastal commune which sustained extensive damage.
“Some shaking was felt in the capital of Port-au-Prince, but no significant damage has been reported there.”
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