Insured losses from Typhoon Krosa, which hit Taiwan on Saturday with high winds and flooding, are unlikely to exceed $200 million, AIR Worldwide Corp. estimated today.

The Boston-based catastrophe risk modeling company said Krosa, which arrived with sustained winds of 115 mph, had damaged roofs, blown down billboards and awnings, and uprooted trees across northern Taiwan.

While AIR said it does not expect significant structural damage to the reinforced concrete construction that dominates the country, the firm noted there is likely to be widespread wind damage to nonstructural elements.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.