Insured Tsunami Losses Now Estimated Under $4 Billion
NU Online News Service, Jan. 31, 1:30 p.m. EST?Risk Management Solutions, a catastrophe-risk modeling firm inNewark, Calif., said overall insured losses from the Dec. 26, 2004Indian Ocean tsunamis will be below $4 billion.[@@]
This first official estimate from RMS is significantly lowerthan a previous assessment earlier this month from theInternational Underwriting Association of London, which said afterquerying its member companies that total insured losses areexpected to range between $5 billion and $10 billion.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.