China Quake May Trigger Insured Losses of $1B

Jones, Marc
June 2008
Best's Review;Jun2008, Vol. 109 Issue 2, p10
Trade Publication
The article reports that the total insured losses caused by the 7.9-magnitude earthquake that hit China could top out at about $1 billion. Insured losses are claimed to be a fraction of the total loss and there is no certainty about how much property and casualty coverage existed in the area prior to the disaster. Infrastructure damage and interruption to economic activity are said to increase the total loss as the financial impact of the earthquake unfolds.


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