NU Online News Service, Aug. 31, 2:42 p.m. EDT
Typhoon Nanmadol weakened to a tropical depression after hitting Taiwan on its way to China's east coast, and catastrophe modeler Eqecat estimates the storm caused between $200 million and $500 million in insured losses for Taiwan.
The storm developed on Aug. 22 to the east of the Philippines and then intensified into the fourth typhoon of the West Pacific typhoon season, according to a Guy Carpenter CAT-i report. The storm made landfall in the Philippines, Taiwan and China.
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