BOSTON, Aug. 8, 2011 – According to catastrophe modeling firm AIR Worldwide, Muifa, once a super typhoon with winds exceeding 250 km/h (1-min sustained), made landfall near the border between China and North Korea around 12:00 UTC Monday at tropical storm strength. Last week, the storm had been forecast to make landfall over the weekend near Shanghai. However, Typhoon Muifa turned to the north earlier than expected and bypassed China’s eastern coastal provinces. Muifa weakened to a tropical storm as it entered the East China Sea and passed to the…
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A look at China from an insurance point of view
China is a huge country and there are different areas that people live in. Elite China is a modern fast pace area with high speed trains, high rise buildings, luxury cars, gated housing developments and stores. The rising class of China doesn’t have all the luxury like the elite, but their standards of living over the past 10 years have greatly improved. There is an area of China where their lifestyle and poverty level is similar to when Mao ruled China and they face many difficult times. In December 2001, China was…
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