Japan Quake Reveals Cracks in Insurance System – Part I

Japan Quake Reveals Cracks in Insurance System – Part I   
     Saturday 9th April, 2011  Source: Insurance Journal

Michael Korn is a popular person these days, which is perhaps not too surprising considering what he does for a living and where he lives.
Korn is an insurance broker in earthquake-prone San Francisco. ';We're pretty busy,'; he said of the period since Japan's devastating earthquake on March 11.
';I'd say everybody is really still trying to figure out what the heck is going on,'; said Korn, who is managing principal at Integro Insurance Brokers.
More than 28,000 people are dead or missing in Japan's magnitude 9.0 earthquake and subsequent tsunami, and researchers estimate some 143,000 buildings were in some way damaged.
Depending on who you ask, the insurance industry may be on the hook for anywhere from $12 billion to $42 billion in claims — a fraction of ...
It is too soon to write off Muammar Gaddafi, who has ruled Libya for 42 years. It is also too soon to expect the military intervention in Libya will end any time soon, with Gaddafi gone. Perhaps the West's last and best hope rests with Turkey.

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Sunday 10th April, 2011

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