Editor's Note: Here is a round-up of recent property & casualty insurance news from outside the U.S.
Super Typhoon Goni, the world's strongest storm this year, slammed the Philippines on Nov. 1, killing at least 16 and destroying thousands of structures. Bloomberg reported that between 19 million to 31 million people could be affected by the storm, and damages could total to nearly $7 billion. "Goni is the strongest landfalling tropical cyclone" in history, Jeff Masters, a meteorologist with Yale Climate Connections and co-founder of Weather Underground, told Bloomberg.
The U.K. will start a month-long lockdown from Nov. 5 to Dec. 2 to curb the spread of the coronavirus, Prime Minister Boris Johnson recently announced. Residents will be allowed to leave their homes only for essential reasons, such as education, work, shopping and exercise, and all non-essential businesses will be closed. Restaurants and bars will remain open for take-out services.
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