South Korea’s property/casualty insurers have estimated that they will pay 156.3 billion won (around $130 million) in claims for damages caused by typhoon Rusa, which struck the country last week (See IJ Website Sept. 2)
The storm, one of the most powerful ever to hit the country, caused overall damages estimated to be as high as 5 trillion won (over $4 billion), making the estimates of insured losses comparatively light.
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Motorist Tells 911: Eagle Dropped a Cat Through the Windshield 
Why Reciprocal Insurance Exchanges Are Back in Fashion 
US E&S Outlook No Longer Positive: AM Best 
Royal Bank of Canada Denies Claims of ‘Boys Club’ Culture, Bias Against Women 
