2005 Insurance Reference Manual

Personal Insurance Federation of California Insurance Reference Book

FACTS*

• If a 7.0 quake was to hit greater Los Angeles, total economic damages could be as high as $100 to $120+ billion.
• If an 8.0 quake was to hit San Francisco along the Hayward Fault, it could cause total economic damages as high as $170 to $225 billion.
• If a 7.2 quake should hit Newport/Inglewood/West Los Angeles, total economic damages could reach from $175 to $220 billion.

*Information provided by U.S. Geological Survey (USGS)

NORTHRIDGE EARTHQUAKE CLAIMS REPORTS
AS OF JULY 2003

COMPANY	TOTAL CLAIMS	PAID OUT	EQ PREMIUM COLLECTED 1968-94
State Farm	117,000	$3.5 Billion	$1.2 Billion
SAFECO	8,293	$265 Million	$127,500,000
Farmers	36,700	$2.0 Billion	$500,000,000
21 st Century	46,400	$1.04 Billion	$48,700,000
Progressive	75	$75,000	$0
TOTALS	208,468	$7.2 Billion	$1.8 Billion

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