Tuesday’s Los Angeles-area earthquake should not result in insured property losses of more than $100 million, catastrophe modeler EQECAT said in a note to its clients.
Meanwhile, Boston-based AIR Worldwide Corp. said Wednesday that the quake should not result in significant insured losses, in large part because of California’s building codes.
The U.S. Geological Survey said the magnitude 5.4 earthquake was followed by nearly 50 aftershocks and was felt as far away as Las Vegas.