Search This Blog

Wednesday, March 30, 2011

Will Japan's Quake/Tsunami/Nuclear Disaster Bring Another American Corporate Bailout?

England's Reuter's news service reports that one reinsurance company- "Flagstone Reinsurance Holdings- " will face claim losses upwards of $130-million due to Japan's historic earthquake and tsunami.

Reuter's also reports the following corporations "most exposed" to Japan disaster claims: "AFLAC, AIG , MetLife , Munich Re and Swiss Re."

Dollar estimates of insured damage in Japan is already said to be in excess of $300-BILLION.

In a unrelated but related sidebar- the head of Japan's Tokyo Electric Power Company (TEPCO)- owner-operator of the failed Fukushima Dai-ichi Nuclear Plant- reportedly has been hospitalized with what is reported as "hyper-tension."

One HAS to wonder how many Japanese affected by this series of disasters- one man-made- are on the verge of similar medical issues.... 

1 comment:

David said...

Nice Blogging,
UTAH : Utah Web Design