RMS estimates non-life insured losses of Japan quake/tsunami as high as $26 billion

Risk Management Solutions (RMS) estimates insured losses from the Mar. 11 Japan earthquake and tsunami to range between $18 and $26 billion.
After combining expected payouts by the life and health insurance sectors for death and injury, this figure could swell to $34 billion, an RMS release says.
The insured loss total reflects losses across multiple lines, including local market residential, co-operative insurers, domestic and international commercial and industrial lines, international facultative placements, marine and aviation lines.
The losses for commercial and industrial risks are modelled to include the impacts of both direct and contingent business interruption.
The insured loss estimate does not include any impact from damage to the Fukushima Daiichi nuclear power facilities, as nuclear risks are excluded from all these coverages.