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Quake payouts top $2.9 billion

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The General Insurance Association of Japan has said that insurance payouts for damage to dwellings from the April earthquakes that hit Kumamoto Prefecture have now topped $2.9 billion, reported Artemis.bm.

Payouts from both Japanese and foreign nonlife insurers have increased 13% in a week. About 82% of the claims have been paid out to policyholders, the association said.

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