Insured losses from the devastating earthquake in Japan could reach $6.4 billion, according to an estimate from U.S.-based catastrophe modeling firm Karen
Insured losses from the devastating earthquake in Japan could reach US$6.4 billion (S$8.5 billion), according to an estimate from US-based catastrophe modelling firm Karen Clark & Co (KCC). Losses from residential properties account for more than two thirds of the total, according to KCC, as most commercial and industrial buildings in the affected cities are more seismic-resistant because of their.