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Eqecat estimates up to $25bn of quake losses

japan-us-navy

Risk modelling firm Eqecat has predicted insured losses from the Japanese earthquake of between $12bn and $25bn (£15.5bn).

According to the to firm, between $2bn and $4bn will be ceded to Japan Earthquake Reinsurance Pool, which will reduce the losses to the non-life property insurers in the country.

This loss estimate

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