Tsunami Insured Losses Est. $5B-$10B

NU Online News Service, Jan. 4, 11:25 a.m. EST?As the world continues to examine the cost of relief and rehabilitation for the deadly Indian Ocean tsunamis, a new insurance industry estimate puts total insured losses at less than $10 billion.[@@]

The industry estimate was provided by The International Underwriting Association of London. The group stated that according to current opinions of IUA member companies, total insured losses are expected to range between $5 billion and $10 billion.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 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.