Moody’s RMS estimates Japan earthquake insured loss at $3bn-$6bn

Published: Fri 12 Jan 2024

Moody’s RMS has estimated insured losses from New Year’s Day earthquake in Japan’s Noto Peninsula at between ¥435bn and ¥870bn ($3bn-$6bn), which follows fellow risk modelling firm Verisk’s estimate of property insured losses from the event at between $1.8bn and $3.3bn.