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The global insurance and reinsurance communities are just beginning to grasp the enormity of loss from the March earthquake and tsunami in Japan. For an overview of the potential ramifications, Claims’ Christina Bramlet spoke with attorneys Robin Cohen and Randy Paar, partners with Kasowitz, Benson, Torres & Friedman’s insurance recovery litigation group in New York.

Bramlet: What coverage(s) may be triggered as a result of these events?

Cohen and Paar: Most large commercial policyholders purchase first-party property insurance, which is sometimes referred to as “all risk” insurance. Those policies generally provide insurance under the following grants of coverage:

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