Japan Insurance Losses Could Hit $35 Billion
PropertyCasualty360.com, March 14, 2011
March 13, 2011 at 08:00 PM
1 minute read
The original version of this story was published on Law.com
Insurance companies are looking at billions in losses from the earthquake and tsunami in Japan, with one early estimate placing the figure as high as $35 billion.
German reinsurer Munich Re said Monday, however, that private insurers do not face a significant bill from damage to Japan's nuclear power plants.
AIR Worldwide, a Boston-based specialist in catastrophe modeling, said over the weekend that insured property losses could range between $15 billion to $35 billion.
Read the complete PropertyCasualty360.com story, “Analyst: Japan Insurance Losses Could Hit $35 Billion.”
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