Insurers have paid ¥74.4bn to end-March on Noto earthquake
Insurers paid ¥74.4 billion ($481 million) across some 81,544 claims by end-march following the January 1 earthquake on the Noto peninsula of Japan, according to the latest released industry data.
The tally includes figures from the General Insurance Association of Japan (GIAJ) and the Foreign Non-Life Insurance Association of Japan, the GIAJ said in its release.
The still-preliminary tally already has the 2024 Noto peninsula earthquake in seventh place on the ranking of Japanese earthquakes by claims paid for dwelling risks, GIAJ claimed.
But the ¥74.4 billion tally remains well short of the podium at about 1/3 of what it takes to get into the top four.
Japan was hit January 1 by a 7.6 magnitude earthquake on the Noto peninsula on the west coast of the main island of Honshu, followed within an hour by nine additional quakes above 4.0M on or near the peninsula to start several days of aftershocks, the Japanese Meteorological Agency reported.
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