Egecat Thinks Japan Insured Losses Could Reach $25 Billion (AIG)

Catastrophe-modeling firm Eqecat said that the insured losses from Japan earthquake could be as high as $25 billion.

Eqecat said that costs could range from $12 billion to $25 billion, and that between $2 billion and $4 billion of the losses will go to the Japan Earthquake Reinsurance Pool.

Swiss Re and Munich Re are likely to see a hit to their earnings as a result of this, as well as AIG AIG, which has a large exposure to the Japanese market.