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Though it is far too early to pin down an exact number for the amount of money the Japan quake will cost insurers, initial estimates have started to surface for some of the hardest hit insurers and reinsurers. Swiss Re, the world’s second-biggest reinsurer, has estimated it will face claims of about $1.2 billion from [...]
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As you all know by now, a 7.2 magnitude earthquake struck along the Mexican/California border yesterday, severely damaging some structures in Mexico but causing only minor disruptions — and a big scare — for those in Southern California, despite being the biggest shock to hit the area in two decades. According to risk modeling company [...]
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