NU Online News Service, March 25, 2:21 p.m. EDT
Standard and Poor's says it believes claims-loss estimates on residential losses to insurers from the recent earthquake in Japan will not be exceeded, but the ratings future of the domestic insurers hinges on whether those estimates are surpassed or not.
The New York-based rating service said current estimates put residential losses at ¥ 1 trillion ($12.3 billion at the current exchange rate), but S&P says "the current expectation" is that the actual loss will be below that number.
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