Insurers hit by Japan quake claim fears

By close of play in Frankfurt, Munich Re fell 3.56% while Allianz lost 2.9%. In London, Aviva ended the day down 3.1% and in Paris, Axa lost 3.3%. In the US, insurers also suffered, with AIG down 1.3% in early trading though it bounced back to end slightly up by close on Wall Street. Initial estimates suggest the damage could cost the insurance industry up to $35bn (£22bn). Analysts say the disaster could trigger higher insurance prices in the future, according to the BBC. Global insurance companies had already taken a hit from the disaster on Friday. Experts said it was diffi...