AIR: Wipha to cost less than $250m
Catastrophe modeller AIR Worldwide has said it estimates insured losses from Typhoon Wipha are unlikely to exceed $250m (RMB 1.85bn). The estimate covers insured losses to property and contents for onshore properties.
Typhoon Wipha struck the coast of mainland China Wednesday and raked the region with heavy rains and high winds.
“The storm made landfall about 50 miles south of Wenzhou City in Zhejiang province at 2
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