cracks-1287495_1280
Pixabay
7 September 2018Insurance

Japan hit by earthquake following typhoon

Japan's northern island of Hokkaido has been hit by a powerful earthquake just after a deadly typhoon lashed the west of Japan over the past few days, according to a Sept. 6 BBC News report.

The magnitude 6.7 quake triggered landslides that engulfed houses and cut power to around three million homes after a thermal power plant was damaged. At least nine people have been killed and about 40 are missing, according to local media reports.

The earthquake comes on the heels of Jebi, the strongest typhoon to hit the country in 25 years killing at least 10 people and causing widespread damage and disruption.

Jebi made landfall in Western Japan on Sept. 4 with 165 kph (100 mph) winds – and prompted widespread wind and flood damage to many prefectures, according to Aon Benfield’s most recent Weekly Cat Report.

Preliminary data from Japan’s Fire and Disaster Management Agency cited more than 1,100 homes damaged or destroyed, though this total was expected to significantly rise as assessments remained ongoing. Total economic and insured losses were minimally poised to reach into the hundreds of millions US dollars –if not higher, the report said.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Neal rumoured to replace Beale as Lloyd’s CEO

Aon reinsurance reveals UK leadership changes; hires from Guy Carp

Carr, Mendocino fire claims top $845m

Generali in exclusive talks to buy Sycomore

Tokio Marine acquires $328m stake in Hollard

Chubb appoints new head of surety for Europe, UK & Ireland

XL Catlin unveils ‘game-changing’ aerospace offering

P&C reinsurance rates expected flat or falling in 2019

R&Q unveils new programme management unit

Catastrophe bond market reaches $30bn milestone

Mapfre Re upgraded by AM Best

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
17 September 2018   Risk modelling firm RMS has estimated that the insured loss for Japan from Typhoon Jebi will be between $3 billion and $5.5billion (¥340 to ¥620billion).
Insurance
21 August 2018   Industry insured losses from the flooding in western Japan caused by excessive rainfall from June 28 to July 8, 2018, will be between ¥284 billion ($2.6 billion) and ¥423 billion ($4.0 billion), according to catastrophe modelling firm AIR Worldwide.
Insurance
13 July 2018   Japan is enduring the deadliest natural catastrophe to hit the country since the 2011 Tohoku earthquake in the form of flooding, which is the worst since 1982.