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Monday, March 14, 2011

And global insurance companies go 'Whew'- sorta

From Associated Press...

"Japan's devastating earthquake and tsunami may cost the global insurance industry as much as $60 billion... Global insurance stocks took a hit on Monday as traders reacted to images of flattened towns and ravaged coast lines, but analysts stressed there are some mitigating factors, including the fact that damage to residential property is covered by a state-backed system and that nuclear damage is excluded from policies."

~ Whewww!!...  'Cause it would kinda be a bummer if insurance companies had to cover more of the damage than they absolutely Have to

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