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Hagibis and Faxai-related claims to surpass Jebi and Trami

Typhoon Faxai

A report by Swiss investment banking firm Credit Suisse Group AG said that claims related to typhoon Hagibis and typhoon Faxai together could exceed claims related to typhoon Jebi and typhoon Trami, which hit Japan last year, Artemis reported. Claims related to typhoon Hagibis is expected to exceed $10 billion, while those related to typhoon Faxai total around $8 billion.

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