Payouts from Typhoon Jebi, the costliest storm on record to hit Japan, are now approaching $7bn
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Hurricane Michael and the California wildfires added to loss creep from previous years
Wildfire can no longer be viewed as a secondary peril in aggregate contracts
Deterioration of Typhoon Jebi losses, as well as potential for further negative movement on hurricanes Irma and Maria, likely to have negative impact on results
Earlier estimate put the cost of the event at A$673.9m
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