A building is seen destroyed following a reported 6.0 earthquake on Aug. 24, 2014 in Napa, Calif.
Justin Sullivan—Getty Images
By Maya Rhodan
August 25, 2014

The earthquake that struck northern California over the weekend is estimated to have caused at least $1 billion in damage and economic losses.

The 6.0-magnitude earthquake was the strongest the area has experienced in 25 years, according to the U.S. Geological Survey. The USGS estimated the high economic loss from the widespread damage the quake caused. More than 60,000 Californians were left without power in the quake’s wake. California Gov. Jerry Brown declared a state of emergency in the effected area on Sunday, which includes Napa, Solano, and Sonoma counties.

The USGS said there is a 29% probability for a strong aftershock within the next week, though there is only a 5-10% chance that any aftershock will be stronger than the initial quake within the next week.

SPONSORED FINANCIAL CONTENT

You May Like

EDIT POST