US EditionJapan earthquake estimated to cost insurers $6.4 billion
- Insured losses from the Japan earthquake are estimated to reach $6.4 billion, according to catastrophe modeling firm Karen Clark & Co .
- Residential properties account for over two-thirds of the total losses, as commercial and industrial buildings are more seismic-resistant due to steel construction.
- The earthquake struck the Noto peninsula, resulting in flattened homes, a tsunami, and isolated communities.
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Japan earthquake estimated to cost insurers $6.4 billion: report
Insured losses from the devastating earthquake in Japan could reach $6.4 billion, according to an estimate from U.S.-based catastrophe modeling firm Karen Clark & Co (KCC). Losses from residential properties account for more than two thirds of the total, according to KCC, as most commercial and industrial buildings in the…
·Sakado, Japan
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Bureau: insured Japan earthquake damage is in the billions
·Amsterdam, Netherlands
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43% Right
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R 43%
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