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Typhoon Faxai insurance loss likely to reach $5 billion

Posted On: Sep. 13, 2019 6:20 AM CST


Catastrophe 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.

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