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Insurance companies taking a pummelling, as well. that's no surprise. catastrophe risk modelling company says japan's disaster could turn out to be the insurance industry's most expensive yet. it says losses covered by insurance could reach $35 billion u.s., and that's 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, including the 2005 hurricane katrina and the 1995 earthquake in kobe in japan. then losses wer...

Reports that japan's 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. that's 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 2005's hurricane katrina. well, from covering news to being in the middle of it, just ahead we will hear from a repor...