Japan’s Quake May Result In Huge Insurance Claims
March 21st, 2011
Japan’s Quake May Result In Huge Insurance Claims
Insurance claims stemming from the earthquake and its aftermath are estimated to total up to $ 35 billion, making this one of the costliest natural disasters. Japanese companies will pay for most of the losses, but global reinsurance firms may be on the hook for substantial payouts.
Read more on NPR
Disaster could cost Japan 5 billion: W. Bank
The deadly earthquake and tsunami that hit northern Japan on March 11 could cost its economy up to $ 235 billion, equivalent to 4.0 percent of output, the World Bank said.
Read more on AFP Journal Internet Finance News (EU) via Yahoo! UK & Ireland Finance
World markets rise as Japan nuclear crisis eases
World markets were higher Monday, buoyed by news over the weekend that Japan was making progress in its battle to control radiation leaks at a nuclear complex that was severely damaged in the country’s worst-ever earthquake.
Read more on AP via Yahoo! News
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