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The payout by insurers is a fraction of the total economic loss Japan has suffered, and will suffer, because not everything is insured. Generally speaking, the payments by insurers will be spread out across many companies in the industry. The modeling firm Eqecat estimated between $12 billion and $25 billion in losses. AIR Worldwide estimated between $15 billion and $35 billion. Eqecat also estimated that total economic losses will be more than $100 billion. Ongoing damage from explosions and leaking radiation at the Fukushima nuclear power plant are covered by a reinsurance risk pool that is capped at $365 million and spread among many companies, according to financial analysts at Bank of America Merrill Lynch. It's too early to say how much each insurer will likely pay in damaged property, liability and other expenses that the companies cover. With the total losses so high, it's reinsurers who will pay the most. Reinsurers underwrite insurance companies providing insurance to insurers. "As experienced with other recent earthquakes.
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