Business Insurance will be back online in October. Please check back then to subscribe/register.

All existing subscriptions will be honored. Contact info@businessinsurance.com with any questions.

GLOBAL FOCUS

China: Losses from Typhoon Matmo total $544.2 million

Comments Email Reprints

Typhoon Matmo has claimed 13 lives in China and has caused direct economic losses of 3.37 billion Chinese yuan ($544.2 million), the Ministry of Civil Affairs said.

The storm destroyed crops and damaged houses, The Associated Press reported.

The rough weather associated with the typhoon is thought to be the likely cause of a recent plane crash in Taiwan.

Read more

More from BI