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Insurance companies taking a pummelling, as well. thats no surprise. catastrophe risk modelling company says japans disaster could turn out to be the insurance industrys most expensive yet. it says losses covered by insurance could reach $35 billion u.s., and thats before the costs of the tsunami are factored in. the estimate takes into consideration damage to homes and businesses as well as agricultural losses. if the loss prediction is accurate, the cost will surpass all over natural disasters...

Reports that japans disaster could turn out to be the costliest ever for the insurance industry. a disaster modeling company tells the paper that the earthquake alone caused as much as $35 billion in insured property damage. thats before the cost of the tsunami are factored in and it takes into consideration damage to homes and businesses as well as agricultural losses. now, if the loss prediction is accurate, the cost will surpass all other natural disasters. that including 2005s hurricane katr...