Koin intensified, instead of weakening as expected, with Hong Kong issuingits second highest storm signal at 7pm, before lowing it again just before midnight local time.
Tokio Marine, Sompo Japan, Mitsui Sumitomo, and Aioi Nissay Dowa have reportedly found evidence of suspected fraud in 17,000 of the 53,000 claims examined so far.
The Tasmanian government has abolished the Fire Services Levy (FSL) on business insurance policies, prompting further calls for the NSW to do the same.
The four major Japanese insurers will report their findings to the FSA on Friday, with an anonymous source claiming 100 corporate clients have been affected by improper business practices.
