Typhoon Guchol, the first super typhoon of the 2012 season, is likely to cause insured losses in Japan of less than $500mn, according to cat modeller Eqecat.
The typhoon made landfall in Higashimuro District in the Wakayama prefecture of Japan at 5pm local time on Tuesday (19 June), with maximum wind speeds of 130 knots, according to Eqecat.
Though the typhoon was the first super typhoon of the 2012 season, it weakened as it approached the eastern coast of Honsu...
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