As Japan suffers its worst earthquake in over 140 years, many calamity insurance companies will go under huge losses as over 3 million people are affected by the Earthquake and Tsunami in 2011 Japan.
Also most of the calamity insurances in India are up for renewal in April of 2011, 2012, hence the premium rates of calamity insurance may be affected this year and the year to follow.
With each Insurance backing up over 100000$, the cost of Insurance companies may go up to over 4 or 5 million.
The calamity insurance will surely be in a tight spot after the earthquake and Tsunami of Japan 2011.
These companies, I believe may have to take out loans to pay up to the people who have lost their loved ones and home, they definitely need some assistance in this time of need.
I hope for the best for the people of Japan and so should you.
Also most of the calamity insurances in India are up for renewal in April of 2011, 2012, hence the premium rates of calamity insurance may be affected this year and the year to follow.
With each Insurance backing up over 100000$, the cost of Insurance companies may go up to over 4 or 5 million.
The calamity insurance will surely be in a tight spot after the earthquake and Tsunami of Japan 2011.
These companies, I believe may have to take out loans to pay up to the people who have lost their loved ones and home, they definitely need some assistance in this time of need.
I hope for the best for the people of Japan and so should you.
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