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Nepal Quake Seen Costing More Than $2 Billion; Few Insured

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India, China Lead Global Rescue Efforts in Nepal

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The earthquake that struck Nepal caused about $2 billion in economic losses in the country, and only a fraction of the cost will be incurred by insurers, according to Kinetic Analysis Corp.

Damage in India could cost an additional $800 million, according to figures from the disaster-modeling firm that include property damage and long-term business-interruption costs. Less than 1 percent of the losses are covered by insurance, according to Kinetic’s initial data from the main quake. The estimates exclude costs for immediate needs such as food.