insured loss News

Cancelling London Olympics Would Cost over $4.9 Billion: Munich Re

July 16, 2012

Cancelling the London Olympics due, for example, to a security threat would result in damages of more than €4 billion ($4.9 billion), Andrew Duxbury, underwriting manager at Munich Re, told a German newspaper. “This was the sum of the insurable …

AIR’s Japan Quake/Tsunami Insured Loss Estimates: $15 Billion to $35 Billion

March 14, 2011

Boston-based catastrophe modeling firm AIR Worldwide’s most recent statement, based on “currently available information, estimates that insured property losses from the Mw9.1 earthquake that struck Japan on Friday will range between 1.2 trillion JPY to 2.8 trillion JPY. Using today’s …