Typhoon Nanmadol’s impacts in Japan are not expected to result in insurance and reinsurance market losses high enough to trouble any catastrophe bonds, according to Plenum Investments.
Typhoon Nanmadol continues to affect Japan with heavy rain and its winds caused damage across a relatively wide swathe of the south west of the country.
However, as we’ve previously explained, rainfall related flooding appears the major loss driver here, with significant rainfall and storm totals of over 700 mm experienced in some regions.
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