Headquartered catastrophe modeling firm AIR Worldwide has estimated that insured losses to onshore properties in the Philippines from Super Typhoon Megi, which lashed the archipelago on Monday and Tuesday, will likely be less than PHP6.5 billion (US$150 million). AIR said its "loss estimates reflect insured damage to property (residential, commercial, industrial), and contents". Crop losses are not included.
Asia Insurance Review 21/10/2010
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