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28 May 2024Insurance

Insurers paid $541m through late April on Noto earthquake

Insurers paid ¥84.9 billion ($541 million) across some 94,728 claims by April 26 following the January 1 earthquake on the Noto peninsula of Japan, according to the latest released industry data.

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Insurers have paid ¥74.4bn to end-March on Noto earthquake

22 April 2024 To-date payments puts the New Year’s event in 7th place on the Japanese earthquake ranking.

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18 April 2024 Six aftershocks followed within the first 45 minutes after the initial hit, starting at 5.0.

Japan earthquake insured losses may hit $6bn, warns Moody’s RMS

12 January 2024 The projection does not include losses to non-modelled exposures.

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