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Fukushima, Japan earthquake industry loss estimated $2.63bn: CRESTA

July 1, 2021

Having previously explained that the Magnitude 7.0 earthquake that struck off the coast of the Fukushima region of Japan on February 13th 2021 was likely to be a billion dollar event, CRESTA has now estimated the industry loss from the quake at US $2.63 billion.

That’s significantly higher than the latest figure from the General Insurance Association of Japan, which recently said that claims paid by member companies of the GIAJ and the Foreign Non-Life Insurance Association of Japan, as of May 14th, had reached just above US $1.62 billion.

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