AIR estimates typhoon losses of up to $7bn
Catastrophe risk-modelling firm AIR Worldwide estimates that industry-insured losses from Typhoon Faxai, which made landfall in Japan on September 9, will be between $3 billion and $7 billion.
According to AIR, Typhoon Faxai made landfall in Yokosuka, a southern suburb of Tokyo, on the main island of Honshu at around 3am local time last Monday, with one-minute sustained wind speeds of 105mph.
Faxai crossed Tokyo Bay to strike Tokyo City with winds still equivalent to a strong Category 2 hurricane.
Faxai brought damaging winds across southeastern Honshu, along with storm surge and heavy precipitation to coastal regions. Impacts were reported across Chiba, Kanagawa, and Shizuoka prefectures. Storm surge was highest along the eastern shores of Tokyo Bay, where a storm surge of more than one metre was measured in Mera, Chiba Prefecture.
The city of Izu in Shizuoka Prefecture experienced 17 inches of rain in 24 hours, with recorded rates of more than four inches per hour.
According to AIR, Typhoon Faxai surpassed Typhoon Higos for the strongest sustained wind speed at landfall in the region and tied with 1958's Typhoon Helen for the lowest recorded central pressure. Faxai was comparable in strength to Typhoon Jebi, which devastated the southern Shikoku Island in 2018.
High winds downed two electrical towers and multiple utility poles, leaving more than 900,000 without power in the prefectures of Chiba, Ibaraki, Kanagawa, Shizuoka, and Tokyo.
Faxai also impacted crops in the region, ravaging rice fields and fruit farms just before harvest time.