Geez, we do not need to answer a discussion of "my fav place's disaster is bigger than theirs". This being said, natural disasters have struck small towns of tourist interest before in Italy, mainly earthquakes (Assisi, Salerno, L'Aquila (recent - 2009) etc) but also floods or massive mud-snow landslides in Alpine valleys before. Vernazza will recover, and if past events shed some lights on how the process work, this is what one could expect: - immediate rescue is usually efficient, most people have already been evacuated. - the <i>buildings</i> will have insurance and the payout will be likely enough to rebuild/restore or demolish and build new. This kind of insurance is relatively common. - in worse situation will be the business themselves, majority of which are renters. Most small business don't bother with loss of income insurance, and while the people involved will have some assistance (from unemployment insurance to emergency welfare payments), a sizable number of restaurants, hotels and the like will go under and become bankrupt. - knowing this, many property owners will cash out and move out faced with uncertainty about the business or local population that pay them rents. - the scenario will open an window of opportunity for new investors and entrepreneurs to come in an bring a fresh air to the restaurant/lodging/wine shop scene. So Vernazza will make a comeback and it can be exciting to see new business around town, refreshing the place after the recovery.