Insured Japan flood losses could reach $4 billion
Reprints
Flooding in western Japan caused by heavy rainfall from June 28 to July 8 will cause an estimated $2.6 billion to $4.0 billion in insured losses, Boston-based catastrophe modeler AIR Worldwide said Monday.
The catastrophe struck more than 30 prefectures across western and south-central Japan, with major damage to buildings and infrastructure, and “considerable business interruption,” AIR said in a statement. Auto and electronics manufacturing sustained “widespread” business interruption, according to AIR.
The modeler also noted that more than 46,000 residential buildings were destroyed, damaged, or inundated, according to data issued Aug. 8 by Japan’s Fire and Disaster Management Agency.
The event was Japan’s deadliest flood since 1982, resulting in at least 200 deaths.
Read Next
-
Heavy rains, floods to disrupt transport in Japan
Heavy rains following typhoon Prapiroon are likely to cause floods and disrupt transport across Japan on June 6 and June 7, Accuweather.com reported. Adam Douty, meteorologist at Accuweather said that heavy rains are expected to lash Shikoku and central and southern Honshu in northern Japan. The rains and floods are likely to damage businesses and crops and cause airline delays in the regions.
