Japan quake insured loss estimate up to $2.1B: VeriskInsured losses from the magnitude 6.8 earthquake that struck July 28 near Kumamoto City on Japan’s Kyushu Island are estimated at JPY 220 billion (about $1.4 billion) to JPY 340 billion (about $2.1 billion). There was damage to highways and other public infrastructure including bridges and rail as well as damage to commercial buildings, Verisk said. Semiconductor, electronic and automotive manufacturing facilities temporarily suspended operations for inspections and damage assessments, “raising concerns about supply chain disruptions,” Verisk said. The loss estimates include insured physical damage to residential, commercial, industrial and mutual property risks, including both structures and contents, according to Verisk. The estimates exclude losses to uninsured properties, infrastructure, automobiles, business interruption, workers compensation, marine and aviation risks, loss adjustment expenses, demand surge and losses arising from certain non-modeled perils such as landslide and fire following.