Insurance Law News
5/14/2008 6:27:50 PM EST
Quake may be China's Largest Insured Loss
CHENGDU, China – (Business Insurance) The earthquake that struck parts of China’s Sichuan province earlier this week could result in the largest insured losses in China’s history, Newark, Calif.-based catastrophe modeler Risk Management Solutions Inc. said May 14. RMS predicted that total property damage in thte area is likely to range between $10 billion and $15 billion. Full version available here. Create an account or login to post comments.