Insured losses from the Magnitude 7.0 earthquake that struck off the coast of the Fukushima region of Japan on February 13th 2021 have continued to rise and at a faster pace, with the loss to the insurance and reinsurance industry now reaching above US $1.62 billion, according to data from the General Insurance Association of Japan.
The latest data from the GIAJ counts claims from member companies of the General Insurance Association of Japan and the Foreign Non-Life Insurance Association of Japan, as of May 14th.
