GLRE - Japan Rainfall Typhoon Haishen January Snowfall Losses Near $2.3 Billion
- Insurance market losses from some of the larger catastrophe events to strike Japan over the last year have risen, with the latest figures for the July 2020 extreme rains, September 2020’s typhoon Haishen and January 2021’s snowfall event combining to near US $2.3 billion.
- Insurance and perhaps reinsurance market losses from this July 2020 Japanese rainfall and flooding event are now estimated to have reached almost US $970 million, up from US $855 million.
- Property insurance related claims made up the bulk of the market impacts from this rainfall and flood event.
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Japan Rainfall, Typhoon Haishen, January Snowfall Losses Near $2.3 Billion