VIEWS: 4 PAGES: 1 POSTED ON: 1/16/2011
4InsuranceNews.com Press Release Marvin the Martian Revises Earth Destruction Estimate to $104.3 Trillion Insured Losses of $5.0-7.5 Trillion MARS – January 16, 2011 – Marvin the Martian (Marvin) today announced that he has updated his estimate for onshore and offshore Earth losses from the Illudium PU-36 Explosive Space Modulator (PU-36) to $104.3 Trillion, of which $5.0-7.5 trillion is estimated for insured losses. While the new modeling technology better represents the losses expected from PU-36, the insured range of $5.0-7.5 trillion reflects the significant uncertainty that still remains in assessing insured losses. The new range of insured losses would most likely make Earth’s destruction the costliest world catastrophe of all time. Marvin will continue to monitor the impacts of PU-36 and may provide further estimates if significant new information arises.