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@@@ Risk Management Solutions said on Tuesday that insured losses from the Aug. 24 Napa earthquake That is much less than an estimate issued within 12 hours of the quake by its competitor Eqecat, which predicted insured losses of $500 million to $1 billion. Both companies are catastrophe-risk modeling firms that help <a href=http://www.avanttravel.com/michaelkorssonline.php> michael kors handbags</a> insurance and reinsurance companies estimate the risk of loss from natural and, more recently, man-made disasters. They frequently issue loss estimates shortly after events. Damage estimates vary widely depending on what鈥檚 included and what goes into them. RMS said its estimate is based 鈥渙n a combination of ground reconnaissance and detailed modeling analyses.鈥?Last week, it 聽first-hand before issuing its estimate. Eqecat before sending anyone to the scene. It has not updated its number, which is based on modeling alone. Both companies only include insured losses to residential, commercial and industrial property, including payments for lost revenues to companies that had business-interruption coverage. They exclude damage to public infrastructure and uninsured private property. The U.S. Geological Survey聽, with a median estimate of $2 billion, according to USGS spokesman Tom Brocher. This includes insured and uninsured losses to both public and private property.聽The USGS estimate was derived by looking at the number of people exposed to various levels of shaking and comparing that to losses from other earthquakes. It was not based on any direct observation on the ground. 鈥淭here is nothing known about what <a href=http://www.symbiose.ca/images/christianlouboutin.gwij.php>Christian Louboutin Outlet</a> is damaged and not damaged鈥?in Napa, Brocher says. 鈥淚t鈥檚 a model, that鈥檚 why it is very approximate.鈥?Its estimate was last updated four days after the quake. On Wednesday, Napa officials estimated that the quake to privately owned homes and businesses in the city of Napa. The estimate includes insured and uninsured losses but does not include damage to public buildings or infrastructure. Sonoma County officials estimated damage in their county at RMS said its estimate 鈥渞eflects the combination of observed damage patterns in combination with <a href=http://www.avanttravel.com/michaelkorssonline.php> michael kors outlet</a> the limited earthquake insurance penetration in the region.鈥?The California Earthquake Authority has estimated that only 5 or 6 percent of homes in the quake-damaged area had quake insurance, compared to about 10 percent statewide. RMS said it found that: Most damage was extremely localized within NapaCounty. Most unreinforced masonry damage was in downtown Napa. Primary damage was due to ground shaking, with little damage caused by fire or sprinkler leakage. There was little liquefaction or lateral spreading. Unreinforced masonry chimney failures were seen across the region. In the Browns Valley section of Napa, residential damage was concentrated along the fault trace and included slippage from foundations and cracks in walls and garages. In Vallejo, older buildings and historic structures sustained much of the damage. Most businesses impacted by the earthquake reopened within a week of the event.聽 In regions further afield, such as downtown Sonoma and Yountville, damage was limited, with the exception of a few high-value losses.