Insurers pay over $1.6 billion in Fukushima quake claims

Data from the General Insurance Association of Japan indicates that more than $1.62 billion had been paid in insured and reinsured losses as of May 14 for claims arising from the 7.0-magnitude earthquake that struck the Fukushima region on Feb. 13, Artemis reported. As of May 14, policyholders had filed 259,525 claims relating to the earthquake.

Source: Business Insurance