Faxai was comparable in strength to 2018’s Typhoon Jebi, striking Tokyo City with winds equivalent to a strong Category 2 hurricane. Typhoon Faxai: $3-7bn insured loss estimate from AIR. The circumstances of this event–chiefly, Typhoon Faxai hitting one month earlier and the ensuing … No comments. Industry insured losses from Typhoon Faxai, which made landfall in Japan on Sept. 9, will be between 340 billion Japanese yen (US$3 billion) and 740 billion yen … In addition, the estimate includes additional factors based on data and insights from field reconnaissance by RMS modelers. The industry loss estimate is informed based on analysis of the RMS reconstructed wind field and flood footprint using the RMS® Japan Typhoon HD model. 2019-09-17T12:22:00+01:00 . Catastrophe risk modelling firm AIR Worldwide released estimates that industry insured losses from Typhoon Faxai will be between ¥340 billion (US$3 billion) and ¥740 billion (US$7 billion). Boston, Sept. 15, 2019 -- Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoon Faxai, which made landfall in Japan on September 9,. Faxai and Hagibis followed Typhoon Jebi in 2018, which resulted in substantial insurance losses of close to USD 13 billion. Insured losses from Typhoon Faxai are estimated to range between $3bn and $7bn, according to AIR Worldwide. BOSTON, September 15, 2019 — Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoon Faxai, which made landfall in Japan on September 9, will be between JPY 340 billion (USD 3 billion) and JPY 740 billion (USD 7 billion). Typhoon Faxai, which hit Japan three weeks ago, caused insured losses of between $5 billion and $9 billion, according to catastrophe modelling firm … AIR Worldwide Estimates Insured Losses for Typhoon Faxai Will be Between USD 3 Billion and USD 7 Billion. This year's typhoons further underscore the high exposure of urban regions in Japan to both typhoon wind and flood risks, in spite of the presence of mitigation infrastructure.
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