Insured and reinsured losses from Kumamoto quakes likely to top $4 billionPosted On: Jun. 24, 2016 12:00 AM CST
The General Insurance Association of Japan has said that insured and reinsured losses from the April earthquakes in Kumamoto Prefecture have now hit $3 billion, Artemis.bm reports.
An official at Aon Benfield's catastrophe modeling arm Impact Forecasting L.L.C. said that the total insurance and reinsurance industry loss from the quakes would likely exceed $4 billion after business interruption are factored in.