Two major earthquakes struck off the Western coast of Canada over the weekend, but the most powerful quake was expected to cause no significant insurance losses, one catastrophe modeler says.
Both earthquakes struck off the coast of British Columbia, closest to the town of Masset, Canada.
According the U.S. Geological Survey, the most powerful earthquake, a 7.7 magnitude earthquake, occurred at 8:04 p.m. on Saturday about 86 miles from Masset.
According to AIR Worldwide, the quake was felt as far away as Edmonton and Yukon. It also produced tsunami warnings from the Washington border to Vancouver Island. The warning went as far West as Hawaii where 100,000 residents fled to higher ground. The warning was later canceled. A wave of five feet was recorded near Maui, AIR says.
There was little damage reported in sparsely populated areas, AIR says, adding that significant insurance losses were not expected.
There were numerous aftershocks after the earthquake, both AIR and Risk Management Solutions note.
According to the USGA, the most significant produced an earthquake of magnitude 6.3 about 99 miles from Masset at about 10 a.m. Sunday.
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