Quake insurance claims surge to 320,000
Japan's non-life insurers say over 300,000 claims for quake insurance payouts have been filed by disaster victims.
The General Insurance Association of Japan says, as of Tuesday, the number of claims amounted to around 320,000.
The figure is nearly 5 times the number of claims that resulted in payment after the 1995 Great Hanshin Earthquake that struck western Japan.
As of Tuesday, only 10 percent of the claims from the disaster had resulted in payments. These payments amounted to roughly 390 million dollars.
The insurers say the vastness of the disaster-hit areas, as well as the surging number of claims, is causing delays to the evaluations of losses and to payments.
The companies plan to send staff to its branches in the affected areas as well as licensed architects to assess the damage to housing.
Wednesday, April 06, 2011 20:25 +0900 (JST)
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