-
The wildfire is threatening 13,000 homes and more than 100,000 people have evacuated.
-
The storm is now at Category 4 strength, and tracking to make landfall in Japan at Cat 3.
-
The provider said the losses were driven by the impact of Hurricane Dorian and Japanese typhoons.
-
Meanwhile, insured losses from Typhoon Faxai will approach $5bn, according to the September Global Catastrophe Recap.
-
Two Rugby World Cup matches scheduled to be played in Japan on Saturday have been cancelled.
-
The capital and a number of Japanese provinces are on alert as the likelihood of an impact from Typhoon Hagibis this weekend increases.
-
The storm could bring Category 1 force winds to Tokyo over the weekend.
-
The storm has strengthened to Category 5 but is expected to weaken to Category 1 as it approaches the mainland.
-
The carrier is among the first P&C insurers to release anticipated loss numbers ahead of the third-quarter earnings season.
-
Severe, unpredictable weather is becoming more frequent, said the Insurance Bureau of Canada’s Amanda Dean.
-
The typhoon is forecast to become a super typhoon with minimum 150 mph winds in the next 24 hours.
-
Cedants are turning to the ILS market for solutions, says the broker’s Catherine Mulligan.