Losses from Typhoon Guchol expected to be under $500m
Insured losses from Typhoon Guchol are estimated to be less than $500m, according to catastrophe modelling firm Eqecat.
The fourth named storm and the first super typhoon of the 2012 typhoon season struck Japan on Tuesday, making landfall in Higashimuro District in the Wakayama prefecture at around 5pm local time.
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