AIR does not expect any significant insured losses

Typhoon Nuri arrived at Hong Kong as a tropical storm with maximum sustained winds of near 90 km/h (55 mph), according to AIR Worldwide.

The Hong Kong Observatory had issued the strongest storm warning (Level 9) in five years on Friday, forecasting that the storm might actually intensify as it approached land.

Dr. Peter Sousounis, senior research scientist at AIR Worldwide, said: ‘Damage reports have been restricted to strewn debris, downed trees and, in isolated cases, toppled scaffolding. AIR does not expect any significant insured losses in Hong Kong from this event.’

The next stop for Nuri is China's Guangdong province where, on Thursday, provincial officials recalled more than 40 thousand vessels to harbors and evacuated nearly a quarter of a million people.

Winds will continue to diminish as the storm moves inland and Nuri is expected to become a tropical depression within 24 hours, said AIR.

AIR does not expect any significant insured wind losses in China.

But precipitation-induced flood damage often outstrips wind damage from tropical cyclones in mainland China, said the modeler.