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Claims from Fukushima quake could exceed $1 billion


Insurance industry organization Cresta said that the 7-magnitude earthquake that struck the Fukushima region of Japan on Feb. 13 could cause over $1 billion in insured and reinsured losses, Artemis reported. A total of 141,166 claims were counted from this quake, with around 6,583 paid out as of the middle of March amounting to roughly $36 million so far.

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