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Claims paid for New Year’s Day Japan earthquake rise to $492m: GIAJ

April 23, 2024

The General Insurance Association of Japan (GIAJ) has released new insurance claims data for the January 1st M7.5 earthquake that hit near the Noto Peninsula in Ishikawa prefecture, revealing that the claims paid total has risen by around 22% in a few weeks to approximately $492 million (JPY 74.44 billion).

On March 22nd, we wrote that data from the GIAJ as of March 8th, 2024, revealed that more than JPY 61 billion (USD 414m as of March 8th or USD 403m at the March 22nd exchange rate) in payments from over 67,000 claims from the earthquake had been made.

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