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P&C insurers brace for claims from Super Typhoon Ragasa

by Euro Times
September 24, 2025
in Finance
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Tremendous Hurricane Ragasa is a inflicting widespread disruption within the area throughout Hong Kong, Taiwan, the Philippines, mainland China, Macau and Vietnam with heavy rain, robust winds, cancelled flights, colleges and occasions, closes places of work, fallen bushes and low degree flooding.

Hundreds of thousands of individuals, companies and vacationers have been impacted throughout the area, and the strongest storm of 2025 is more likely to set off many 10s of tens of millions of US {dollars} of claims for property and casulaty (P&C) insurers and reinsurers because the market assesses the harm as soon as the storm passes. 

It is likely one of the strongest storms to ever hit Hong Kong, though the storm is unlikely to make a direct landfall. Macau and Hong Kong, each Particular Administrative Areas, are susceptible to widespread flooding. Many eating places, walkways and retailers have been hit by the storm, and there have been some energy outages in Macau. 

Taiwan has been impacted by flooding and not less than 14 folks have been killed and over 100 individuals are lacking, in accordance with experiences, whereas a whole bunch of 1000’s have been evacuated in Guangdong province. 

Cathay Pacific, Hong Kong’s flasghip ariline, determined to droop all flights from Hong Kong Worldwide Ariport from 6pm on Tuesday, September 23, to 6am on Thursday, September 25. Many different airways have cancelled or suspended companies. 

The Hong Kong Observatory and the Meteorological and Geophysical Bureau in Macau raised their highest alerts of T10 in a single day on September 23. The gradual transferring large storm, which has had wind gusts of as a lot as 240 km/hr is ready to proceed its trajectory in direction of elements of southern China, together with Hainan Island, after which Vietnam.

Hong Kong is more likely to be shutdown most of Wednesday, September 24, as residents and vacationers shelter, and colleges stay closed. Hong Kong’s transport system virtually fully shuts down when the T10 sign is in drive. 

Ragasa is a Filipino phrase for ‘quick movement’, whereas the storm has been known as Nando within the Philippines.

The Hong Kong Inventory Change has remained open all through the storm because of its new excessive climate coverage the place buying and selling and knowledge is sustained to be made out there digitally.  

This can be a creating story. 



¬ Haymarket Media Restricted. All rights reserved.







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Tags: BraceclaimsInsurersRagasaSuperTyphoon
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