Dead.Rabbit | Japan Garden City Dhaka | https://commons.wikimedia.org/wiki/File:Japan_Garden_City_Dhaka.jpg | CC BY-SA 4.0 DEED, Attribution-ShareAlike 4.0 International | https://creativecommons.org/licenses/by-sa/4.0/deed.en
On January 1, 2024, a 7.5 magnitude earthquake hit Japan causing damage to cities on the Noto Peninsula in the Ishikawa prefecture. The earthquake occurred at a depth of 6.2 miles beneath the Earth’s surface. The epicenter was about 71 miles northeast of Kanazawa and 187 miles northwest of Tokyo.
According to estimates by CoreLogic insured losses could be between $1-$5 billion dollars. The estimates include damage to buildings as well as business interruption and additional living expenses. The Mayor of Suzu said that over 90% of the 5,000 homes in the city have been damaged or destroyed. Following the earthquake NHK reported fires that burned over 100 buildings in central Wajima.