7.4 magnitude earthquake strikes Japan, what's the portfolio impact?
Update: After our original publication of this post on Tuesday November 21, 2016 the earthquake was changed from a 6.9 magnitude rating to 7.4, and that change is reflected in our headline and post copy.
Tuesday brought a powerful earthquake just off the western coast of Japan. The Telegraph reports that Japan experiences around 20 percent of the world's earthquakes of magnitude 6 or greater, and this quake keeps that statistic strong with a 7.4 magnitude rating. The quake struck near the 2011 site that caused a massive tsunami, setting off the worst nuclear crisis the world had seen since Chernobyl. With a quake as strong as today’s the potential for a devastating tsunami is a relevant and rising concern for citizens and insurers alike.