NU Online News Service, May 4, 12:57 p.m. EDT
Reinsurance brokerage firm Holborn says estimates of insured losses from the Tohoku, Japan earthquake and tsunami in March are off by as much as $23 billion.
Holborn puts insurance market losses at between $35 billion and $55 billion after adding coverages not included in predictions given by the three catastrophe risk modeling firms: EQECAT, AIR Worldwide and Risk Management Solutions.
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