Business UpdateAug 2, 2026, 08:07 PM
Verisk Estimates Japan Earthquake Insured Losses Up To $2.1B
AI Summary
Verisk Analytics, Inc. estimates insured losses ranging from JPY 220 billion (approximately $1.4 billion) to JPY 340 billion (approximately $2.1 billion) from the magnitude 6.8 earthquake that struck near Kumamoto City, Japan, on July 28. The earthquake, occurring at a shallow depth of 10 kilometers, caused widespread damage to homes, commercial buildings, infrastructure, and temporarily disrupted manufacturing hubs. Verisk's estimates primarily cover ground shaking damage to insured properties, excluding uninsured losses, business interruption, and certain non-modeled perils.
Key Highlights
- Verisk estimates insured losses from the Japan earthquake between JPY 220 billion ($1.4 billion) and JPY 340 billion ($2.1 billion).
- The magnitude 6.8 earthquake struck near Kumamoto City on Japan's Kyushu Island on July 28.
- The earthquake occurred at a shallow depth of approximately 10 kilometers.
- Approximately 48,000 households experienced power outages immediately after the event.
- Estimates include insured physical damage to residential, commercial, industrial, and mutual property risks.
Price Impact
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