The latest death toll estimate for Japan is now above 10,000 and it could go a lot higher, because that number applies to one region alone — the Miyagi prefecture.Meanwhile, we have our first estimate for insured losses from disaster modelling company AIR Worldwide, which estimates losses at up to $35 billion.
Bear in mind, that is simply insured losses. In terms of economic losses, the initial estimates were for it to be somewhere around $100 billion, but that was simply using Kobe as a benchmark. It now seems clear that this is much bigger than Kobe, and as such the economic losses will likely be much higher as well.
On Friday, we looked at some of the re-insurers already getting hit by the quake.
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