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Japan: Insured losses from Typhoon Halong to be costly

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Risk modeler AIR Worldwide Corp. said the overall insured losses from Typhoon Halong, which recently struck Japan, could be similar to 2011's Typhoon Roke, which caused an estimated $1.1 billion in losses, reported.

After Typhoon Neoguri, which hit southern Japan in July, "Halong inflicted further damage on the already saturated region,” said Anna Trevino, scientist at AIR Worldwide.

“Taken together, Neoguri and Halong caused flood damage to over 2,000 homes,” she said.

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