Modeler EQECAT has come up with an insured loss estimate of between $12 billion and $25 billion for what is now being called the Tohoku earthquake in Japan, as ACE Ltd. and SCOR have released individual preliminary estimates of their losses due to the magnitude 9.0 March 11 quake.

The government's bailout of banks, auto makers, and insurers helped prevent a more severe economic crisis, but might have sowed the seeds of the next one, a congressional watchdog group said Wednesday in its final report.

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