Insurance losses won't top $100m in the Philippines, says Eqecat
As a result of low insurance penetration in the disaster struck areas of the Philippines from typhoon Haiyan, the insurance bill is not expected to be more than $100m according to catastrophe risk modelists Eqecat.
Despite being regiestered as the strongest storm ever to make landfall, insurance cliams are unlikely to climb ablove $100m as the areas are not highly industrialised and have low insurance
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