Businesses face disruption following onset of super typhoon
Posted On: Sep. 14, 2018 6:10 AM CSTSuper typhoon Mangkhut is likely to disrupt the operations of several Hong Kong companies from the construction, retail, financial, insurance, real estate, shipping and transport sectors, South China Morning Post reported. A report by Swiss Re Ltd. predicted that the typhoon could cause about $627 million in losses per day with most of the damage uninsured. Target Insurance (Holdings) Ltd. said that the typhoon is likely to cause $127 million in insured losses.