Japanese typhoons could cause $15 billion in insured losses
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Analysis by U.S.-based catastrophe risk management tools provider Karen Clark & Co. found that Japanese typhoons are expected to cause insurance and reinsurance losses of more than $15 billion at least every 20 years, Artemis reports. Meanwhile, typhoon Faxai, which hit Japan on Sep. 9, is expected to cause insurance losses in the range of $3 billion to $7 billion.
