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Eqecat, a catastrophe-modeling firm, estimated Wednesday that the quake may trigger $12 billion to $25 billion of insured losses. Read about the latest tallies by the insurance industry.
Earlier in the week, Eqecat put the total economic cost of the disaster at $100 billion. The ultimate impact may be closer to $190 billion, according to Barclays Capital. See story on the economic impact here.
JAPAN IN CRISIS | MarketWatch Topic: Disasters
Japan's tragedy in 60 seconds: A week of devastation compressed into a single minute.
Japan takes ‘first step’
to stem nuclear threat
Officials say they have taken a “good first step” to avert a full-scale nuclear calamity in Fukushima.
• Obama: Harmful radiation not likely in U.S.
• Japan drops water on nuclear plant
• No danger seen to U.S. from nuclear crisis
Quake cluster feared
Most experts believe giant earthquakes strike randomly. But others see linkage among them.
NEWS ANALYSIS AND MARKET REACTION
• Why investor Jim Rogers is fretting about yen
• ETFs: Buy what Japan needs to rebuild
• Japan crisis cuts flow of auto parts to U.S.
• Politics hold key to nuclear future: experts
• Japan's financial roller coaster
• When tax lawyers predict apocalypse (First Take)
• Disaster in Japan: Breaking News Blog
Japan's tragedy in 60 seconds: A week of devastation compressed into a single minute.
Japan takes ‘first step’
to stem nuclear threat
Officials say they have taken a “good first step” to avert a full-scale nuclear calamity in Fukushima.
• Obama: Harmful radiation not likely in U.S.
• Japan drops water on nuclear plant
• No danger seen to U.S. from nuclear crisis
Quake cluster feared
Most experts believe giant earthquakes strike randomly. But others see linkage among them.
NEWS ANALYSIS AND MARKET REACTION
• Why investor Jim Rogers is fretting about yen
• ETFs: Buy what Japan needs to rebuild
• Japan crisis cuts flow of auto parts to U.S.
• Politics hold key to nuclear future: experts
• Japan's financial roller coaster
• When tax lawyers predict apocalypse (First Take)
• Disaster in Japan: Breaking News Blog
After natural disasters struck other countries in recent years, insurers have covered much bigger portions of total losses.
Hurricane Katrina, which struck the U.S. in 2005, caused total losses of $125 billion. Insured losses were $62.2 billion, almost half, according to the Insurance Information Institute, which represents the industry.
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