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Japan Earthquake Damage

Zurich Insurance Dividend Policy Unchanged Says CEO-Report

Zurich Insurance Group AG's (ZURN.VX) dividend policy remains unchanged despite an estimated $700 million in damage claims stemming from Hurricane Sandy in the U.S, the insurer's chief executive was quoted as saying Sunday.Martin Senn said in an interview with the SonntagsZeitung that the claims would impact the insurer's fourth-quarter results, but added that he doesn't expect a revision of its claim estimates will be needed."Our dividend policy is clear. We strive for a sustainable, attractive dividend. Our philosophy is unchanged. Right now, there's no reason to deviate from this philosophy," Mr. Senn was quoted as saying. Zurich reports full-year results on Feb. 14.Hurricane Sandy, with an estimated cost of $25 billion, could become the third costliest event since 1980 based on original values after Hurricane Katrina in 2005 at $62 billion, and the Japan earthquake and tsunami in 2011, whose costs were estimated at $35 billion to $40 billion.Copyright © 2013 Dow Jones Newswires...

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  1. Seismologist in Awe of 'Horrific' Japan Earthquake

    Massive 8.9 magnitude quake is one for the history books

  2. Economic Impact of Japan Earthquake

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  4. Japan impact on U.S. economy more than realized: trade group

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  5. Japan carmakers take new steps in N.America to fight disruption

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  6. HP assessing Japan earthquake impact

    BANGALORE (Reuters) - Hewlett-Packard Co <HPQ.N> said on Tuesday it is assessing the impact to its business of the earthquake and tsunami that struck Japan earlier t...

  7. World Bank Says Japan Needs Five Years, $235B to Rebuild

    FBN’s Adam Shapiro on the damage done in Japan and how much time and money will be needed to rebuild the country.

  8. Japan Crisis 'No Problem' for European Insurers, EU Insurance Official Says

    European insurers face no major threat from the turmoil ensuing from last week's earthquake and tsunami in Japan, the European Union's insurance watchdog said on Thu...

  9. Toshiba LCD Plant Out for a Month; Lenovo Frets About Supplies

    Toshiba Corp said an assembly line in Japan making small liquid crystal displays would be closed for a month and PC maker Lenovo voiced worries over parts, highlight...

  10. White House Reacts to Japan Earthquake

    FBN's Connell McShane breaks down the administration's reaction to the 8.9 magnitude earthquake that struck Japan.

  1. Sandy Slows Decline in Reinsurance Rates

    Superstorm Sandy is looming over the insurance industry as companies look to lock up their backup protection against large losses for the coming year.The massive sto...

  2. Ten States That Run On Nuclear Power

    The anniversary of the Japan earthquake, which killed over 16,000 people and caused the disaster at the Fukushima Daiichi nuclear power plant, is only two weeks away...

  3. Next Time I'll do it Differently: Insurance Regrets after Disasters

    In the aftermath of violent weather conditions, such as those caused by Hurricane Irene, affected homeowners quickly learn whether they purchased adequate policies f...

  4. Insurers Brace for Big Weather-Related Losses

    Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011.Insurers...

  5. Shares of Apple iPad maker Hon Hai fall after plant

    By Clare JimTAIPEI (Reuters) - Shares of electronics company Hon Hai Precision Industry Co Ltd <2317.TW> fell as much as 5 percent on Monday on fears major client Ap...

  6. Relief in Sight: Gas Prices Expected to Drop Soon

    As Memorial Day approaches and the summer travel season heats up, road warriors nationwide are hoping for a break on gas price’s recent surge. And their wish may be ...

  7. White House Reacts to Japan Earthquake

    FBN's Connell McShane breaks down the administration's reaction to the 8.9 magnitude earthquake that struck Japan.

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