Insured Losses from Storms, Wildfires in Billions of Dollars: Aon

Japan’s insured losses from Typhoon Hagibis are to be “minimally in the billions,” according to the latest Global Catastrophe Recap report from Aon PLC on Thursday, which covers natural disaster events during October 2019. Typhoon Hagibis made landfall in Japan’s Iza Peninsula on Oct. 12 before moving on to the greater Tokyo metro region, leaving more than 93,250 structures damaged or destroyed and at least 95 fatalities, the report said, and is “likely to become one of 2019’s costliest events.”