Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoon Hagibis, which made landfall in Japan on October 12, will be between JPY 865 billion (USD 8 billion) and JPY 1,730 billion (USD 16 billion), with more than half of the losses due to inland flooding. AIR Worldwide is a Verisk business.… Continue reading Typhoon Hagibis Insured Losses Estimated Between $8B-$16B: AIR Worldwide
Tag: typhoon losses
RMS Estimates Insured Losses from Typhoon Faxai to be Between $5B-$9B
RMS, a global risk modeling and analytics firm, has estimated that the insured loss from Typhoon Faxai will be between $5.0 and $9.0 billion (¥ 500 to ¥950 billion). This estimate includes property damage and business interruption caused by typhoon wind and coastal flooding to residential, commercial, industrial, marine, and automobile lines – and includes… Continue reading RMS Estimates Insured Losses from Typhoon Faxai to be Between $5B-$9B
AIR Worldwide Estimates Insured Losses for Typhoon Faxai to be Between $3B and $7B
Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoon Faxai, which made landfall in Japan on September 9, will be between JPY 340 billion (USD 3 billion) and JPY 740 billion (USD 7 billion). AIR Worldwide is a Verisk business. According to AIR, Typhoon Faxai made landfall in Yokosuka, a southern… Continue reading AIR Worldwide Estimates Insured Losses for Typhoon Faxai to be Between $3B and $7B