Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Japan Quake/Tsunami Loss Estimates Continue to Hit Insurers’ Shares
Mar 15 2011 // Investors sold insurance shares Monday in fear of how high the total losses from Japan’s earthquake and tsunami will go, though it will take weeks to determine how much was actually lost. At least one set of experts...
All Eyes on Reactor Vessel as Japanese Nuclear Crisis Worsens
Mar 15 2011 // Fears of a nuclear disaster in Japan heightened on Tuesday after radiation levels around its quake-stricken power plant soared following two separate explosions at the complex. Many of the worrying milestones mapped out by...
Arch Estimates NZ Quake Loss at $35-$70 Million; Assessing Japan
Mar 15 2011 // The Bermuda-based Arch Capital Group announced that the Company’s 2011 first quarter results will be negatively impacted by the New Zealand earthquake, which occurred in February 2011, in the range of $35 million to...
EQECAT Analyzes Specific Exposures from Japan Quake/Tsunami
Mar 15 2011 // Catastrophe modeling firm EQECAT has issued a bulletin describing the potential insured market losses and summarizing the various impacts of Japan’s insurance market with its specific inclusions and...
Lloyd’s Statement on Japanese Earthquake/Tsunami
Mar 15 2011 // Lloyd’s of London has issued the following statement on the Japanese earthquake: “Our thoughts are still with those affected by the major earthquake and tsunami events in Japan. “Lloyd’s is...
Western U.S. Tsunami Damage Exceeds $50 Million
Mar 14 2011 // Tsunami waves following Japan’s massive earthquake are estimated to have caused more than $50 million in damage in the Western United States, according to local officials. In Hawaii, Gov. Neil Abercrombie issued an...
Commentary: The World Responds to Japan’s Agony
Mar 14 2011 // The magnitude 8.9 earthquake, 6 miles down in the Japan Trench and 130 kms (81 miles) off Japan’s northeast coast, triggered a tsunami that devastated cities and towns over a wide area. Pictures of the onrushing...
Aflac CEO Says Exposure to Japan Quake/Tsunami is ‘Limited’
Mar 14 2011 // U.S. insurer Aflac Inc , which is the largest foreign insurer in Japan, has “rather limited” financial exposure to the devastating earthquake and tsunami, Aflac’s chief executive said. “Are we going...
Credit Suisse Estimates Japan Economic Losses at $171 to $183 Billion
Mar 14 2011 // Economic losses in the regions of Japan that were hit by a massive earthquake will reach around 14 trillion yen to 15 trillion yen ($171-$183 billion) based on information available on Monday, Credit Suisse said in a...
Analysts Describe Quake/Tsunami Impact on Japan’s P/C Insurers as ‘Limited’
Mar 14 2011 // A decline in shares of Japanese non-life insurers including MS&AD Insurance Group [Mitsui Sumitomo] is expected to be temporary as the impact on their earnings of the earthquake and tsunami in northeast Japan should be...
“Unexpected Nature” of Japan Quake Complicates Insured Loss Estimates
Mar 14 2011 // The unexpected nature of this week’s earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses from the disaster especially difficult, senior executives at two top...
$35 Billion Japan Quake Cost Estimate Weighs on Insurers
Mar 14 2011 // Shares in European insurers fell steeply on Monday after analysts estimated over the weekend that the Japanese earthquake could cost the industry nearly $35 billion, making it one of the most expensive disasters ever. The...
AIR’s Japan Quake/Tsunami Insured Loss Estimates: $15 Billion to $35 Billion
Mar 14 2011 // Boston-based catastrophe modeling firm AIR Worldwide’s most recent statement, based on “currently available information, estimates that insured property losses from the Mw9.1 earthquake that struck Japan on...
CEA: Japan Earthquake A Lesson for Californians
Mar 11 2011 // The tragic tsunamis and Magnitude 8.9 earthquake that have struck Japan – the fifth largest quake in the world since 1900 – are a stark reminder that earthquakes can happen any time and it’s essential to prepare,...
Insurers’ Share Prices Fall on Japan Earthquake News
Mar 11 2011 // Shares in European insurers and reinsurers fell sharply in early trading on Friday after Japan was hit by a massive earthquake, one of the biggest ever recorded. The quake, which measured 8.9 on the Richter scale, hit off...
UPDATE-2 Huge Quake Triggered Tsunami Kills 100’s in Japan; Pacific on Alert
Mar 11 2011 // The biggest earthquake on record to hit Japan rocked its northeast coast on Friday, triggering a 10-meter |33 foot] tsunami that killed hundreds of people and swept away everything in its path. Thousands of residents near...
Tokio Millennium Re Receives Authorization for Australia
Mar 3 2011 // Bermuda-based Tokio Millennium Re Ltd. (TMR), a subsidiary of Japan’s Tokio Marine & Nichido Fire Insurance Co., Ltd., announced that the Australian Prudential Regulation Authority (APRA) has authorized...
JLT Sets up Japan Subsidiary
Mar 3 2011 // UK-based international broker JLT Group announced that it has established JLT Holdings Japan “through an equity transfer arrangement.” JLT said the “new holding company structure, insurance agency...
New Zealand Quake Toll Rises as Hope Fades for Survivors
Feb 25 2011 // Rescuers extended their search on Friday to shattered houses close to the epicenter of Christchurch’s deadly earthquake, but rain and cold dimmed hopes of finding more survivors of New Zealand’s worst disaster...
New Zealand Estimates Quake Toll at 98, Many More Missing
Feb 24 2011 // New Zealand rescuers said on Thursday they held grave fears for more than 200 people still missing as the death toll from an earthquake reached 98 after searchers pulled dozens of bodies from a Christchurch television...
