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India: Insured losses from Cyclone Hudhud estimated to be US$650 million

Source: Asia Insurance Review | Dec 2014

According to the Impact Forecasting catastrophe report, Cyclone Hudhud that hit four states of India and killed 68 people, is likely to cause economic losses of around INR700 billion (US$11 billion) with insured losses estimated to be in the region of INR40 billion ($650 million), as commercial, residential and agricultural lines of business were heavily impacted.

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