Last week's events in Japan has the world—and the insurance industry—reeling. Not only has Japan seen an enormous earthquake and the resulting tsunami, but the country is still trying to avoid what could be an even bigger catastrophe—failure of one or more nuclear power plants.
I contacted a couple of leading observers of the insurance and IT industry to get their views on the events. Not surprisingly, Craig Weber and Matt Josefowicz were each focused on the devastation to Japan and the citizens of that country.
Weber, senior vice president and head of the insurance team at Celent calls the events of the last few days "an unthinkable Trifecta of disasters."
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