NU Online News Service, March 16, 1:56 p.m. EST
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.
ACE said net after-tax losses in the first quarter from the earthquake, for both insurance and reinsurance, will be $200 million to $250 million, but the details are still unfolding.
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