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.
US House Bill Aims to End Private Flood Insurance Coverage Penalty 
AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir 
Son of Ponzi-Accused Georgia Building & Loan Founder Now an Insurance Agent 
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft 
