The 8.9-magnitude quake that hit Japan today killed hundreds and caused a 33-foot tsunami, which triggered warnings in coastal areas through Central and South America as well as the western rim of the Pacific. The effects of the tsunami have yet to be measured from an insurance risk perspective.
"Since most of the re-insurance treaties in India are due for renewal in April, there may be some impact on the premium rates, especially for the catastrophic cover," Future Generali India Insurance MD & CEO K G Krishnamoorthy Rao told The Economic Times.
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