Insurance

Insurance July 2011

Counting the Cost

At magnitude 9.0, the Great Tohoku Earthquake was one of the largest in Japan and, indeed, the world, with the insurance industry taking a major hit. While media attention soon turned to the Fukushima Daiichi Nuclear Power Plant, it is the earthquake and tsunami that took not only a terrible toll of human life, but also caused potentially the world’s largest economic loss from a natural disaster.