Insured Tsunami Loss Could Reach $10 Billion Carriers also pitch in with direct contributions and matching of employee donations
As the world continues to examine the cost of relief and rehabilitation for the victims of last months deadly Indian Ocean tsunamisand with insurers starting to pitch in with millions of dollars in charitable contributionsa new insurance industry estimate is putting total insured losses from the event at no more than $10 billion.
The International Underwriting Association of London said that after querying its member companies, total insured losses are expected to range between $5 billion and $10 billion. At least 150,000 were killed in a dozen countries.
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