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International

Sompo Japan expects Faxai-related payouts to exceed $1 billion

September 19, 2019 Reprints

Sompo Japan Nipponkoa Insurance Inc. expects to pay out more than 110 billion Japanese yen ($1 billion) in claims for typhoon Faxai, The Japan Times reports. The typhoon made landfall in Japan's Chiba prefecture on Sep. 9 and caused widespread damage.

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Sompo Japan expects Faxai-related payouts to exceed $1 billion

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