5.2 magnitude quake largest in UK since 1984.
One week after an earthquake rocked the north of England and Wales, insurers are still assessing the damage, said to be in the region of tens of millions.
The ABI said that given the size of the earthquake, damage was minimal, mainly toppling chimneys and causing cracks to buildings.
Risk Management Solutions has put a more specific figure on the damage, estimating it to be as high as £30m.
Risk modelling company AIR Worldwide said the earthquake, which took place on 27 February, was the largest since 1984, measuring 5.2 on the Richter scale.
AIR Worldwide managing director Milan Simic said: “Although as many as 200 earthquakes are recorded across the country each year, these are typically very low magnitude and most are not felt.
“As a result, the housing stock in England is not designed to be earthquake resilient.
“AIR Worldwide engineers expect to see toppled chimneys, cracked plaster and other low-level damage to residential structures from this event. Engineered commercial structures are expected to fare far better,” Simic said.
The largest earthquake ever recorded in the UK took place 100km north-east of this latest quake and measured 6.1 on the Richter scale, said Simic.
Last April an earthquake hit Kent and damaged hundreds of homes and disrupted power to thousands more.
