NU Online News Service, Sept. 30, 1:40 p.m. EDT
After making two landfalls on China, insured losses from Typhoon Nesat are expected to remain below $50 million due to low levels of damage and low insurance penetration, according to catastrophe modeler Eqecat.
Catastrophe modeler AIR Worldwide says Nesat made landfall as a moderate Category 1 storm on the northeastern corner of the island of Hainan on Sept. 29, then turned north and hit the western coast of the Leizhou Peninsula in Guangdong province.
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