Typhoon-induced disaster is one of the most important factors influencing the economic development and more than 250 million in China. In view of the existing state of typhoon disaster prediction, prevention, and mitigation, this paper proposes a new probability model, Multivariate Compound Extreme Value Distribution (MCEVD), to predict typhoon-induced extreme disaster events. This model establishes prevention criteria for coastal areas, offshore structures, and estuarine cities, and provides an appropriate mitigation scheme for disaster risk management and decision-making.