The tropical cyclone has continued to intensify and may pass within 100 kilometers south of the global financial center, posing a 'considerable threat' to the city.
The town of Pilger, Neb. was devastated earlier this week by powerful twin tornadoes, and that's only part of the storm destruction this week in the U.S.
Liberty Mutual Insurance Group, through its wholly-owned subsidiary Liberty Insurance Co. Ltd., has been granted approval to establish a branch in Shandong province by the China Insurance Regulatory Commission.
Liberty Mutual Insurance Group, through its wholly-owned subsidiary Liberty Insurance Co. Ltd., has been granted approval to establish a branch in Shandong province by the China Insurance Regulatory Commission.
After making two landfalls on China, insured losses from Typhoon Nesat are expected to remain below $50 million due to low levels of damage and low insurance penetration, according to catastrophe modeler Eqecat.