Eqecat's estimate, which includes damages caused by the earthquake, subsequent tsunami and fires, is below that of competitor AIR Worldwide which estimates losses of $15 billion to $35 billion, not including tsunami-related losses
Worried investors have been selling insurance shares in re
The destruction sustained in last week's earthquake in Japan will cause insurers to lose between $12 billion to $25 billion, according to an estimate released Wednesday by the catastrophe risk modeling firm, Eqecat, making it one
