Japan’s Quake May Result In Huge Insurance Claims

It’s hard to fathom the extent of the earthquake and tsunami damage in Japan, and losses continue to mount. While most of the property damage won’t be covered by insurance because many people and companies didn’t have earthquake coverage, the insurance industry’s exposure is still huge. Claims stemming from the earthquake in northern Japan and its aftermath are likely to make this one of the costliest natural disasters ever for the insurance industry.