Typhoon Aere is reported to be on a collision course towards Taipei, the capital of Taiwan, after pelting the northern portion of the island with high winds and rain.
According to forecasters’ estimates the storm is packing winds up to 80 mph (130km/h) and heavy rain.
Offices, schools and businesses in Taipei have been closed in expectation of Aere’s arrival. The cities of Keelung and Hsinchu are also under threat.
Insurance news headlines delivered to your email.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
