GLRE - Claims Paid For Japan's M7 Quake In Feb 2021 Nearing $900m
- Japan's Fire and Disaster Management Agency said that more than 9,137 buildings were damaged in the earthquake, many severely, which has driven an escalating insured loss total.
- As of the end of March 2021, the number of claims filed from the earthquake had reached over 202,000, with over 120,000 settled and 95,258 claims payments made by Japan's insurance market.
- With a significant number of claims inquiries still to settle, there will likely be more payments and so it seems reasonable to assume that the industry loss surpasses the US $1 billion mark.
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Claims Paid For Japan's M7 Quake In Feb 2021 Nearing $900m