News eDaily24 Sep 2018

Japan:Settlements over June's Osaka earthquake have topped US$769m

24 Sep 2018

Insurance payments to individuals affected by the powerful earthquake that hit northern Osaka Prefecture in June had reached JPY86.6bn as of 12 September, the General Insurance Association of Japan has said.

The figure exceeded the JPY78.3 billion paid out after the 1995 Great Hanshin Earthquake that devastated Kobe and surrounding areas, reflecting a rise in the proportion of households with earthquake insurance contracts, reports Jiji Press.

The association also said that insurance companies received 485,659 inquiries from policyholders for damage inspections and consultations related to Typhoon Jebi that hit the Kansai region earlier this month.

A total of 12,279 inquiries were made following the strong earthquake that occurred in Hokkaido on 6 September.




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