Insured losses are estimated at about $ 250 million from the 7.2 magnitude earthquake that struck Haiti on August 14, according to an analysis Tuesday by Boston-based disaster model Karen Clark & Co.
Although a similar "ground earthquake" to the magnitude 7.0 earthquake in 2010 destroyed the island nation, the damage from this earthquake is "expected to be significant, but not as devastating as the 2010 event, which directly affected the capital", says The KCC analysis.
The damage includes "many hotels and churches on the southwest coast" that were destroyed, as well as a large port in Les Cayes. In such cases, the types of construction, the dimensions of the members and the methods of detailing are insufficient to withstand strong ground movements. "
The earthquake struck at 08:30 local time along the Enriquillo-Plantain Garden fault zone, with an epicenter at a depth of about 6.2 miles, breaking a more western segment of the fault compared to the January 201
The island of Hispaniola, which includes Haiti and the Dominican Republic, has experienced 12 magnitudes-6.0 and major and four magnitude-7.0 and major earthquakes since 1900. Hispaniola is located on the border between the Caribbean plate and the North American plate and seismic activity in the region is very high, said KCC.