Verisk Estimates Industry Insured Losses for the Noto Peninsula Earthquake to Range from JPY 260 Billion to JPY 480 Billion (USD 1.8 Billion to 3.3 Billion)
Retrieved on:
Tuesday, January 9, 2024
Japan is a seismically active region with most earthquakes occurring off the east coast, where the Pacific plate subducts beneath Japan.
Key Points:
- Japan is a seismically active region with most earthquakes occurring off the east coast, where the Pacific plate subducts beneath Japan.
- This earthquake occurred on the west coast of Japan, where crustal deformation created by the broader plate motions is accommodated in shallow faults.
- The Noto Peninsula earthquake caused damage across an extensive area around and south of the epicenter.
- In the areas impacted by 2024 Noto Peninsula earthquake, seismic code requirements are higher than those in the southern part of Japan.