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Japan Earthquake Insurance Claims May Exceed $1.1 Billion, BI Estimates

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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.
Japan Earthquake Insurance (ORG) BI (LOCATION) Japan Earthquake’s Insurance (ORG) Japan (LOCATION) Bloomberg Intelligence (ORG) Steven Lam (PERSON)
Originally published by Bloomberg Markets Read original →