PERILS AG has released its third loss estimate for windstorm Xaver, a storm which affected Western and Northern Europe on December 5-6, 2013. Windstorm Xaver is also known as Sinterklaasstorm in the Netherlands, Bodil in Denmark and Sven in Sweden.
The revised estimate of the property insurance market loss is €759 million [$1.0335 billion]. This compares to the second loss estimate of €727 million [$990 million], released in March 2014.
“For subscribers to the PERILS database, the market loss data in this third loss report is available at a higher level of granularity, with losses per CRESTA zone (two-digit postcode level) and per property line of business,” said the announcement.
PERILS will publish its fourth loss estimate for Xaver on December 5, 2014.
Source: PERILS
Was this article valuable?
Here are more articles you may enjoy.
‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than Expected 
NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge 
Supervisor’s Punching of Employees Enough for Tort Suit, NC Appeals Court Says 
Surplus Lines Leaders Remain Bullish on Outlook in a Shifting Market 
