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Insured and reinsured losses from Kumamoto quakes likely to top $4 billion

Posted 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, 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.

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