Typhoon Lekima likely to cause $7.4 billion in economic losses
Posted On: Aug. 15, 2019 7:14 AM CST
Typhoon Lekima is expected to cause $7.4 billion in economic losses in China, but is unlikely to result in significant insured losses, Artemis.bm reports. The disaster's insurance bill could total hundreds of millions of dollars due to low insurance coverage in China.