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International

Japan earthquake could cost insurers up to $6 billion: RMS

January 15, 2024 Reprints

Risk Management Solutions, a Moody’s Analytics company, estimates insured losses of between 435 billion Japanese yen ($3 billion) and JPY870 billion from the massive earthquake that struck Japan near the Noto peninsula in Ishikawa prefecture on Jan. 1, Artemis reported. The estimate includes insured losses from property damage, contents as well as business interruption across industrial, commercial, and residential lines and includes both private and mutual markets.

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Japan earthquake could cost insurers up to $6 billion: RMS

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