Typhoon Faxai insurance loss likely to reach $5 billion
Posted On: Sep. 13, 2019 6:20 AM CSTCatastrophe modeling firms and reinsurance sources expect typhoon Faxai to cause $3 billion to $5 billion worth in insured losses in Japan, Asia Insurance Review reported. The typhoon made landfall in Japan's Chiba prefecture on Sep. 9 and caused widespread damage.