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AIR Estimates Insured Losses from Typhoon Roke Could Reach Up to $600 million


Posted on 23 Sep 2011

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Catastrophe modeling firm AIR Worldwide estimates insured losses from Typhoon Roke at between JPY 12 billion ($150 million) and JPY 46 billion ($600 million).

Typhoon Roke, the 15th named storm of the 2011 Northwest Pacific typhoon season, made landfall near Japan’s Hamamatsu City in Shizuoka Prefecture at 2:00 pm local time (05:00 UTC) on September 21. Maximum sustained winds at landfall were 180 km/h, making Roke a strong Category 2 storm.

Note that this is the same range announced for Typhoon Talas on September 7th. Despite the similarity in estimated losses, however, Roke—primarily a wind event—was very unlike Talas—which was primarily a flood event—from a meteorological perspective.