TOKYO -- The destructive typhoons and flooding endured by Japan in recent years have driven damage claims to record-high levels, draining the emergency reserves held by top insurers.
Catastrophe reserves held by Japan's three leading property insurers -- Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings -- are expected to total about 385 billion yen ($3.54 billion) at the end of March 2020, down by half from two years earlier and from 538.3 billion yen this past March.
