American International Group Inc. said Wednesday it expects “minimal net effects” from the recent earthquake and tsunami on the financial condition of its local Japanese operations, including those of Fuji Fire and Marine Insurance Co., in which AIG holds a …
In the wake of Japan’s tsunami disaster, the National Oceanic and Atmospheric Administration (NOAA) is urging Americans who live and vacation at the coast to take the threat of tsunamis seriously. With more coastline than any other country in the …
Munich Re announced that it has estimated its claims burden from the earthquake and tsunami in Japan at around €1.5 billion [$2.128 billion], after retrocession and before tax. As a result Munich Re said its “profit target of around €2.4 …
Hannover Re announced that, “based on its analysis of individual treaties,” its loss expenditure from the Japan earthquake is expected to be around €250 million [$355 million] after retrocessions and before taxes. CEO Ulrich Wallin noted that the earthquake is …
The Japanese government on Wednesday estimated the direct damage from a deadly earthquake and tsunami that struck the country’s northeast this month at 16-25 trillion yen ($185-$308 billion), making it the world’s costliest natural disaster. It said the estimate covered …
Just over a week after the massive earthquake hit the sprawling Texas Instruments chip plant here, a gardener is reworking the Japanese garden in an inner courtyard of the office tower attached to the plant. The garden is a symbol …
Standard & Poor’s Tokyo office has issued a comment noting that by some estimates the total damages from the March 11 Japanese earthquake and the fires and tsunami that followed “could hit at least $100 billion, with $35 billion in …
Swiss Re has released a preliminary estimate of its claims costs, net of retrocession and before tax, from the earthquake and the tsunami in Japan of $1.2 billion. The reinsurer cautioned that these “estimates are subject to a high degree …
California Gov. Jerry Brown has declared a state of emergency for two more coastal counties hit by last week’s tsunami. The governor issued emergency proclamations March 16 for Mendocino and San Luis Obispo counties. In Mendocino, the harbor at Fort …
A bulletin from Marsh warns that “organizations need to prepare for the possibility of an extended disruption to global supply chains resulting from the earthquake and tsunami in Japan. Thousands of multinational companies that rely on Japanese manufacturers for goods …
