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Insured losses from typhoon Dujuan nearly $80 million

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Insured losses from the recent typhoon Dujuan that hit China's Ningbo city in Zhejiang province are more than 500 million Chinese yuan ($78.7 million), reported Asia Insurance Review citing the China Daily.

Direct economic losses from the typhoon in Zhejiang totaled CNY 1.75 billion. Direct economic losses in Fujian have been pegged at CNY 2.4 billion.

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