Japan earthquake insured losses could surpass US$3 billion

The Noto Peninsula earthquake led to significant damage in areas surrounding and south of the epicenter. Ishikawa Prefecture, particularly Wajima city, was heavily impacted, including a large fire. Ground shaking and liquefaction-related damages were also observed in other prefectures such as Niigata and Toyama. Additionally, tsunami waves exceeding one meter caused inundation of buildings along the coast, notably in Wajima, Suzu, and Noto.