Newark, Calif.-based RMS has revised its industry loss estimate for windstorm Kyrill to between €3 and €4 billion ($3.94 and $5.25 billion), based on recently available information.
“Windstorm Kyrill caused relatively low levels of damage over a very large area, covering 9 major European countries on Thursday, 18 January,” the bulletin noted. “RMS has continued to collate damage and loss information since the event, allowing the uncertainty in the initial loss estimate to reduce.”
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Experian Launches Insurance Marketplace App on ChatGPT 
Fingerprints, Background Checks for Florida Insurance Execs, Directors, Stockholders? 
