Typhoon Mangkhut’s insurance tab rises to $390 million

Source: Business Insurance

August 02, 2019 The Hong Kong Federation of Insurers said that typhoon Mangkhut’s insurance tab has increased to more than $3 billion Hong Kong ($390 million), Asia Insurance Review reported. Clement Hau, the federation’s chairman, said that property-related damage accounted for nearly 74%, or HKD 2.3 billion, of total claims from the typhoon which struck in September 2018.