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Japan Earthquake Insurance Claims May Exceed $1.1 Billion, BI Estimates
Key Points
Japan Earthquake’s Insurance Claims May Top $1.1 Billion, BI Says Insurance claims from this week’s earthquake in Japan may top the 175 billion yen ($1.1 billion) average for the country’s six previous major tremors, Bloomberg Intelligence estimated. “We estimate industry-wide insurance claims could reach the low hundreds of billions of yen,” BI analyst Steven Lam said in a report.
Japan Earthquake’s Insurance Claims May Top $1.1 Billion, BI Says
Insurance claims from this week’s earthquake in Japan may top the 175 billion yen ($1.1 billion) average for the country’s six previous major tremors, Bloomberg Intelligence estimated.
“We estimate industry-wide insurance claims could reach the low hundreds of billions of yen,” BI analyst Steven Lam said in a report.