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2011 Sendai Earthquake And Tsunami, Tōhoku Region, Pacific Ocean
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The share prices of the biggest reinsurance companies Munich Re and Swiss Reinsurance Company fell following the earthquake on speculation that they may face losses "somewhere in the $10 billion range" even after certain costs were absorbed by Japan’s primary insurers and the government.
Peter Bradford, a former member of the United States' Nuclear Regulatory Commission, said that the impact on the nuclear power plant was "obviously a significant setback for the so-called nuclear renaissance. The image of a nuclear power plant blowing up before your eyes on a television screen is a first."
Warren Buffett also canceled a trip to Fukushima for a planned opening ceremony of a Tungaloy Corporation's plant.
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