Japanese Insurers May Pay 35.4 Billion Yen for August Chiba Flood Damage

According to Sina Finance, the Japan Non-Life Insurance Association said Japanese property insurers are expected to pay policyholders about 35.4 billion yen for flood damage in Chiba Prefecture near Tokyo in August. The association also said insurers have paid about 23.7 billion yen to policyholders after a strong earthquake in Kumamoto Prefecture in southern Japan. As Tropical Storm Koinu approaches Japan, eastern regions have seen record rainfall for two straight weeks, raising landslide and flood risks.