NU Online News Service, March 15, 3:20 p.m. EST
The Japan earthquake and tsunami revealed a potential flaw in catastrophe modelers' planning, as modelers pointed to the fact that they did not account for the complete devastation that hit the island nation.
In its report earlier this week that estimated between $15 billion and $35 billion in property losses from the quake, Boston-based AIR Worldwide said it does not include such events as took place in Japan last week in its models.
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