A 72-nation nuclear forum said on Thursday it backed a U.N.- led campaign to strengthen atomic safety in the light of Japan’s crisis and promised to carry out prompt steps as a result. Japan’s month-long struggle to stabilize the Fukushima …
Small business owners and laborers forced to leave their homes and jobs because of radiation leaking from Japan’s tsunami-flooded nuclear plant rode a bus all the way to Tokyo on Wednesday to demand compensation from the plant’s operator. People are …
The March 11 Japan earthquake and tsunami are likely to have caused up to $34 billion in losses for the global insurance industry, catastrophe modeling company RMS said Tuesday. RMS said the magnitude 9.0 quake and subsequent flooding probably caused …
Allied World Assurance Company Holdings, a global provider of property, casualty and specialty insurance and reinsurance solutions, announced today that it expects approximately $75 million in losses and loss expenses from the March 11, 2011 Tohoku earthquake and tsunami in …
More than 10,000 people dead, hundreds of thousands injured, nearly one million buildings destroyed, millions forced to evacuate and a fifth of Japan’s economy wiped out. That’s the scenario forecast if a huge magnitude 7.3 earthquake hits Japan’s capital of …
A major aftershock rocked northeast Japan late on Thursday and a tsunami warning was issued for the coast devastated by last month’s massive quake and tsunami that crippled a nuclear power plant. The tsunami warning was later lifted and no …
XL Group plc announced that its preliminary net loss estimates for the March 11, 2011 earthquake and tsunami in Japan, pretax and net of reinsurance and reinstatement premiums, “range from approximately $190 million to $290 million, with approximately 70 percent …
Specialist insurer Amlin plc has released initial estimates of the impact of the 2011 New Zealand earthquake, the Japanese earthquake and the 2011 Queensland floods. The bulletin described the 2011 New Zealand earthquake as a “major catastrophe with market loss …
Japan’s nuclear crisis is likely to lead to one of the country’s largest and most complex ever set of claims for civil damages, handing a huge bill to the fiscally strained government and debt-laden plant operator, Tokyo Electric Power Co. …
The Lloyd’s of London insurance market is confident it can deal easily with claims from Japan’s earthquake even though natural disasters almost halved its profit last year. Lloyd’s said its businesses had enough capital to withstand a Japanese quake generating …