Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Global Nuclear Forum Backs Safety Push
Apr 14 2011 // A 72-nation nuclear forum said on Thursday it backed a U.N.-led campaign to strengthen atomic safety in the light of Japan’s crisis and promised to carry out prompt steps as a result. Japan’s month-long...
Japan Insured Losses Up to $34 Billion: RMS
Apr 12 2011 // The March 11 Japan earthquake and tsunami are likely to have caused up to $34 billion in losses for the global insurance industry, catastrophe modeling company RMS said Tuesday. RMS said the magnitude 9.0 quake and...
Tokyo Nuclear Plant Company Could Face $23 Billion in Losses
Apr 12 2011 // Tokyo Electric Power could face 2 trillion yen ($23.6 bln) in special losses in the current business year to March 2012 to compensate communities near its crippled nuclear plant, JP Morgan said in a research report...
Tokyo Rethinking Its Earthquake Plan After Japan Disaster
Apr 11 2011 // More than 10,000 people dead, hundreds of thousands injured, nearly one million buildings destroyed, millions forced to evacuate and a fifth of Japan’s economy wiped out. That’s the scenario forecast if a huge...
Strong Earthquake Shakes Japan’s Ruined Northeast Coast
Apr 7 2011 // Another Strong Earthquake Shakes Japan’s Ruined Northeast Coast A strong earthquake of magnitude 7.4 shook the northeast of Japan late on Thursday, and a tsunami warning was issued for the coast already devastated by...
Reinsurance Rates Rising, But Few Agree Where, How Much
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Reinsurance Rates Are Rising, but Few Agree Where
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Japan Quake Reveals Cracks in Insurance System – Part II
Apr 6 2011 // The first part of this article appeared on the IJ’s web site on April 5. PRICE PRESSURE Earthquakes may not be linked to each other, but they are linked to the financial markets, as anyone who has invested in...
Japan Quake Reveals Cracks in Insurance System – Part I
Apr 5 2011 // Michael Korn is a popular person these days, which is perhaps not too surprising considering what he does for a living and where he lives. Korn is an insurance broker in earthquake-prone San Francisco. “We’re...
XL’s Japan Quake/Tsunami Loss Estimates – $190 to $290 Million
Apr 5 2011 // XL Group plc announced that its preliminary net loss estimates for the March 11, 2011 earthquake and tsunami in Japan, pretax and net of reinsurance and reinstatement premiums, “range from approximately $190 million...
Amlin Estimates Claims from Q1 Catastrophes
Apr 5 2011 // Specialist insurer Amlin plc has released initial estimates of the impact of the 2011 New Zealand earthquake, the Japanese earthquake and the 2011 Queensland floods. The bulletin described the 2011 New Zealand earthquake...
Crunching Japan’s Disaster Numbers: Final Bill May be Staggering
Apr 4 2011 // Japan’s government expects last month’s earthquake and tsunami to cost up to $300 billion in material damage, but the ultimate cost will be far higher. Tokyo Electric Power Co (TEPCO), operator of the crippled...
Japan Nuclear Crisis to Trigger Huge Civil Damage Claims
Apr 4 2011 // Japan’s nuclear crisis is likely to lead to one of the country’s largest and most complex ever set of claims for civil damages, handing a huge bill to the fiscally strained government and debt-laden plant...
Aon Benfield Report: Despite Catastrophes, Reinsurance Rates Remain Stable
Apr 4 2011 // Aon Benfield’s most recent evaluation of the state of the reinsurance market, as of April 1, concludes that it performed “as intended through recent events,” and that it continues “to provide...
Reinsurance Rates May Rise with Japan Loss Estimates
Apr 4 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, as one analyst said reinsurers did not appear to be raising rates fast enough to compensate for the March...
GE Unlikely to Face Liability in Japanese Nuclear Crisis
Apr 1 2011 // The Japanese nuclear crisis has created a public-relations headache for General Electric, but the company so far has escaped any legal fallout, and many experts expect it will continue to do so. GE designed the Mark 1...
Lloyd’s Director Luke Savage on 2010 Results, Japan, What’s Ahead
Apr 1 2011 // His voice was a little husky, but Luke Savage – Lloyd’s Director of Finance, Risk Management and Operations – was still pleased to talk to the IJ about Lloyd’s financial results for 2010, which were...
AIR Releases New Northwest Asia-Pacific Area Wide Typhoon Model
Mar 31 2011 // Catastrophe modeling firm AIR Worldwide has released an enhanced typhoon model for the Northwest Pacific Basin. AIR said the “model, which was released in Version 12.5 of AIR’s CLASIC/2™ and CATRADER®...
Willis Re: Japan Quake Not Enough to Turn Soft Market
Mar 31 2011 // A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, notes that “relatively orderly price movements at the April 1 Japanese reinsurance renewals reveal that the Tohoku Earthquake is not...
