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. Typhoon Faxai, which hit Japan three weeks ago, caused insured losses of between $5 billion and $9 billion, according to catastrophe modelling firm … Typhoon Faxai: $3-7bn insured loss estimate from AIR. 2019-09-17T12:22:00+01:00 . Insured losses from Typhoon Faxai are estimated to range between $3bn and $7bn, according to AIR Worldwide. 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 … The circumstances of this event–chiefly, Typhoon Faxai hitting one month earlier and the ensuing … 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,. 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). In addition, the estimate includes additional factors based on data and insights from field reconnaissance by RMS modelers. Faxai and Hagibis followed Typhoon Jebi in 2018, which resulted in substantial insurance losses of close to USD 13 billion. 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).
No comments. Faxai was comparable in strength to 2018’s Typhoon Jebi, striking Tokyo City with winds equivalent to a strong Category 2 hurricane. 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. AIR Worldwide Estimates Insured Losses for Typhoon Faxai Will be Between USD 3 Billion and USD 7 Billion.