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Japan insurers face nearly $2bn bill for US, Mexico disasters

Tokio Marine, Sompo, MS&AD under biggest strain since 2011 Thai floods

TOKYO -- Japanese insurance groups Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings could pay out more than 200 billion yen ($1.78 billion) in total for damages caused by the recent hurricanes in the U.S. and major earthquakes in Mexico.

Tokio Marine said Friday that it expected to pay about 65 billion yen. This would be the company's biggest payout for natural disasters overseas since the 130 billion yen in losses stemming from the 2011 floods in Thailand.

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