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.
Former Virginia Insurance Agent Pleads Guilty to Fraud 
Nuclear Verdicts Go Boom, Increase 40.7% in 2025 
KPMG Australia to Fire Hundreds of Workers as Crisis Deepens 
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team 
