Verisk estimates $2bn-$4bn property losses for earthquake in Japan
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Verisk estimates $2bn-$4bn property losses for earthquake in Japan

Farhin Lilywala
24 March 2022
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Insured property losses for the 16 March magnitude 7.3 earthquake that struck offshore the island of Honshu will be between $2bn and $4bn, according to Verisk.

Of that, roughly $400mn to $820mn can be attributed to commercial and industrial properties.

Early reports estimate that more than 580 buildings in Fukushima Prefecture and more than 570 buildings in Miyagi Prefecture were damaged.

The

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NewsClaims and lossesCatastrophe losses
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Farhin Lilywala
Section Editor, Distribution & Specialty
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