At least ten people have died-one from a collapsing building. Jebi crossed Honshu into the Sea of Japan and traveled north, raking Japan’s west coast with damaging winds and torrential rain. It rapidly made a second landfall on the main island of Honshu, striking the major urban centers of Kobe and Osaka with winds which flipped vehicles, ripped cladding off buildings, and downed trees and power lines. Typhoon Jebi, which struck Japan midday on September 4 on the island of Shikoku at the equivalent of a Category 3 hurricane, was the strongest typhoon to make landfall in Japan in 25 years. Demand surge-the increase in costs of materials, services, and labor due to increased demand following a catastrophic event demand surge can be applied by AIR software users who want to account for this variable.
Losses to CAR/EAR, marine hull, or marine cargo lines of business.Losses from precipitation-induced flood.Insured damage to property (residential, commercial, industrial, and agricultural/mutual), both structures and their contents, and automobileĪIR’s modeled insured loss estimates do not include:.See below for additional information on what AIR’s loss estimates capture.ĪIR’s modeled insured loss estimates include: Please note that total economic losses are expected to be higher than industry insured loss estimates. The range in AIR’s loss estimates also reflects uncertainty in the payment of damage to buildings, damage to contents, and extra expenses. AIR’s loss estimates and event footprint reflect all affected areas in Japan. These loss estimates were derived based on AIR’s high-resolution Industry Exposure Database (IED) for Japan and the event’s hazard measures, including wind speed and surge inundation depth, modeled using the event-based probabilistic AIR Tropical Cyclone Model for Japan. ĪIR’s loss estimates explicitly capture residential, commercial, industrial, automobile, and agriculture/mutual losses from wind and storm surge. Posting Date: September 9, 2018, 7:00:00 PMĪIR Worldwide estimates that industry insured losses from Typhoon Jebi, which made landfall in Japan on September 4, will be between JPY 257 billion (USD 2.3 billion) and JPY 502 billion (USD 4.5 billion).ĪLERT ™ subscribers can now download Touchstone ®, CATRADER ®, and Touchstone Re ™ event sets and a shapefile for the wind speed footprint for Typhoon Jebi from the Downloads tab of the ALERT website.
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