Typhoon Loss $500M to $1B, Modelers Say

AIR Worldwide in Boston said losses would not exceed $1 billion, as did Oakland, Calif.-based Eqecat, which said its best estimate of the insured losses is around ?50 billion, or $500 million at curr

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Typhoon Fitow, which hit Japan last week, created insured losses from $500 million to as much as $1 billion, modelers estimated.

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