Insurance Post

Japan starts buying quake cover again

Japanese commercial property owners are increasingly taking out earthquake insurance as a necessary component of their risk-management strategies, which in turn is boosting the requirement for reinsurance on the international market, particularly for facultative risks.Japan is one of the world's most earthquake-prone countries because it sits atop four tectonic plates. The country's deadliest quake in recent memory occurred in the city of Kobe in 1995, with a magnitude of 7.3 that killed mor