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Finance GreenWatch » 2. Insurance, 8.Eathquake & Nuclear accident » Insurers To Cover All Quake Payments: New Group Chief(Nikkei)

Insurers To Cover All Quake Payments: New Group Chief(Nikkei)

TOKYO (NQN)–The General Insurance Association of Japan said Thursday that payments to cover damages caused by the Great East Japan Earthquake had reached 1.03 trillion yen as of Wednesday, with the number of reported cases hitting 578,535.

Tokio Marine Holdings Inc. (8766) President Shuzo Sumi, who became chairman of the association on Wednesday, at a news conference said that insurers will be thoroughly responsible for handling payments related to the March 11 disaster. Sumi added that payments have been made for about 93% of the reported cases.

Nonlife insurers continue to encourage policyholders to file insurance claims if they have not already done so.

http://e.nikkei.com/e/fr/tnks/Nni20110630D30SS363.htm

Filed under: 2. Insurance, 8.Eathquake & Nuclear accident