The General Insurance Association of Japan (GIAJ) on Thursday released its latest figures on residential earthquake insurance claims related to the 2024 Noto Peninsula Earthquake. As of 31 May 2024, the total amount of claim payments has reached ¥90.9bn (US$578.02m).
The magnitude earthquake, which struck on 1 January 2024, has led to a significant number of claims across several prefectures. According to the GIAJ, a total of 150,567 claims have now been accepted, with 145,899 investigations completed and 103,439 claims paid.
Ishikawa Prefecture remains the most affected area, with 64,423 accepted claims, 63,111 completed investigations, and 49,236 claim payments amounting to ¥51.2bn (US$325.57m).
There has been a slight increase in the total value and number of claims since the GIAJ’s last update, which was accurate up to 26 April. The previous data indicated that the total value of claims had reached ¥84.9bn (US$539.65m) as of 26 April 2024. At that time, 140,539 claims had been accepted, with 133,332 investigations completed and 94,728 claims paid.
The GIAJ had previously stated that aerial and satellite imagery would be employed to help fast-track claims processing. This approach appears to have facilitated significant progress in investigations and payments.
