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The Saddleridge fire has destroyed 17 structures and damaged a further 77 properties.
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Gross cat losses for Japanese insurers this year could top 2018’s 1.6tn yen ($15bn) following Typhoon Hagibis, according to equity analysts Jefferies. -
Saddleridge is one of several wildfires to have hit California in recent days, with nearly 160,000 acres and 134 structures destroyed.
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The wildfire is threatening 13,000 homes and more than 100,000 people have evacuated.
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The storm is now at Category 4 strength, and tracking to make landfall in Japan at Cat 3.
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The provider said the losses were driven by the impact of Hurricane Dorian and Japanese typhoons.
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Meanwhile, insured losses from Typhoon Faxai will approach $5bn, according to the September Global Catastrophe Recap.
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Two Rugby World Cup matches scheduled to be played in Japan on Saturday have been cancelled.
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The capital and a number of Japanese provinces are on alert as the likelihood of an impact from Typhoon Hagibis this weekend increases.
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The storm could bring Category 1 force winds to Tokyo over the weekend.
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The storm has strengthened to Category 5 but is expected to weaken to Category 1 as it approaches the mainland.
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The carrier is among the first P&C insurers to release anticipated loss numbers ahead of the third-quarter earnings season.
