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.
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
Space Startups Seek Insurance for Orbital AI Data Centers 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
