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Typhoon Hagibis-related claims could total $10 billion

Flooding after Typhoon Hagibis

Insurers and reinsurers in Japan expect typhoon Hagibis-related claims to range from $5 billion to $10 billion, 1asig reports. The typhoon, which hit Japan on Oct. 12, flooded 37,000 homes and led to the cancellation of more than 1,000 flights and trains.

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