Insured losses for flooding in western Japan could hit $4bn after record rainfall 

Flooding in western Japan

Catastrophe modeling firm AIR Worldwide estimates that industry insured losses from the flooding in western Japan caused by excessive rainfall from 28 June to 8 July will be between $2.6bn and $4bn. Several days of record-breaking rainfall between 28 June and 8 July led to widespread inland flooding in more than 30 prefectures across western and south-central Japan. The rainfall…

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