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October 11, 2004

Japanese insurers to take typhoon hit

The damage will soon show up in casualty insurers' earnings on both sides of the Pacific, as 2004 has proved a banner year for both hurricanes and typhoons, as big storms are called in Asia. Ma-on, the region's eighth typhoon of the season struck Tokyo over the weekend and bashed other parts of the Japanese archipelago with heavy rain and 100-mph winds.

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Posted by Tom Troceen