NU Online News Service, March 14, 1:31 p.m. EST
While the industry tries to get a handle on losses coming from Japan in the wake of the recent earthquake, insurers in California can expect to see business interruption and other claims from damage caused to marinas by tsunami waves that hit the coast.
Pete Moraga, a spokesman for the Insurance Information Network of California (IINC), said information on the extent of the damage to boats and marinas in both Northern and Southern California is unclear, as adjusters have not yet had time to make evaluations. He said he has heard different damage estimates, as high as $50 million, but those estimates are unconfirmed.
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