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Japan Insurance Losses Could Hit $35 Billion

Insurance companies are looking at billions in losses from the earthquake and tsunami in Japan, with one early estimate placing the figure as high as $35 billion.

Related: View Slideshow of Japan Earthquake and Tsunami

German reinsurer Munich Re said Monday, however, that private insurers do not face a significant bill from damage to Japan's nuclear power plants.

AIR Worldwide, a Boston-based specialist in catastrophe modeling, said over the weekend that insured property losses could range between $15 billion to $35 billion.

Read the complete story, "Analyst: Japan Insurance Losses Could Hit $35 Billion."

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