Japan Earthquake Insurance Claims May Surpass $1.1 Billion

A recent earthquake in Japan may result in insurance claims exceeding $1.1 billion, according to estimates from Bloomberg Intelligence.

The organization analyzed six previous major tremors and found that industry-wide insurance claims could reach 'the low hundreds of billions of yen,' a figure higher than the average for these types of events.

Bloomberg Terminal quoted Steven Lam, a BI analyst, who stated this in a report. No alternative views or predictions are mentioned in the source.