typhoons News

Typhoon Vongfong Tests Philippines’ Ability to Protect Evacuees from Coronavirus

Typhoon Vongfong forced more than 150,000 people in the Philippines to leave their homes, risking coronavirus infection as they move to usually packed shelters. Intense rains and strong winds damaged houses and crops as the first typhoon to enter the …

Typhoon Vongfong Hits the Philippines with Evacuations Expected

Typhoon Vongfong, the Northern Hemisphere’s first named storm [of 2020], is rapidly intensifying east of the Philippines, where it could clip parts of the island nation Thursday and Saturday, according to the U.S. Joint Typhoon Warning Center in Hawaii. The …

Typhoon Phanfone Kills at Least 41 in Philippines, Destroys Homes, Crops

Typhoon Phanfone killed at least 41 people when it slammed into the central Philippines on Christmas Eve, with dozens still injured or missing, according to the agency which oversees disaster response. The 21st cyclone to hit the Southeast Asian nation …

Death Toll from Typhoon Kammuri Rises as Storm Passes South of Manila in Philippines

The death toll from Typhoon Kammuri rose to 17 people after destroying houses and displacing hundreds of thousands on its path across the Philippines. As it neared its exit, tropical cyclone wind signals have been lifted as of Wednesday for …

Typhoon Kammuri Hits Philippines, Killing at Least 3, Displacing 500,000 More

The Philippines reopened its main airport late Tuesday as Typhoon Kammuri heads to the South China Sea, leaving at least three people dead and displacing half a million more. Ninoy Aquino International Airport’s runways were opened at 6 p.m. local …

Philippines Taps Catastrophe Bonds to Help Pay for Natural Disasters

The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank. The dual-tranche transaction consists of a $150 million issuance against losses from tropical …

Typhoon Hagibis to Cost Japan’s Economy $10B, with Insured Losses in Billions: Aon

Typhoon Hagibis is likely to become one of 2019’s costliest events, with economic costs of more than US$10 billion and insured losses minimally in the billions, according to Aon’s monthly catastrophe report. The storm made landfall in Japan’s Iza Peninsula …

Insured Losses from Typhoon Hagibis Estimated at $7B-$11B: RMS

Insured losses stemming from Typhoon Hagibis in Japan are estimated to range between US$$7 billion and $11 billion, according to Newark, Calif.-based catastrophe modeling firm RMS. While last month’s Typhoon Faxai was a wind-driven event, RMS estimates typhoon flooding from …

Typhoon Hagibis Likely to Cause Earnings Event for Japan’s Insurers: Fitch

Typhoon Hagibis is likely to be an earnings event for Japan’s three main non-life insurance groups, MS&AD Insurance Groups Holdings, Sompo Japan Nipponkoa Insurance and Tokio Marine & Nichido Fire Insurance Co. (TMNF), with no material effects on capital and …

Insured Losses from Japan’s Typhoon Hagibis Estimated at $8B-$16B: AIR

Insured losses from Typhoon Hagibis, which made landfall in Japan on Oct. 12, will be between 865 billion Japanese yen (US$8 billion) and JPY 1,730 billion (US$16 billion), with more than half of the losses due to inland flooding, according …