PERILS AG has issued its second loss estimate of €1.63 billion for Europe’s windstorm Friederike, also known as David.
Friederike caused property damage in the British Isles, Belgium, the Netherlands and Germany on Jan. 17-18, 2018, said PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data.
On Feb. 28, PERILS issued its first loss estimate of €1.5 billion (US$1.9 billion at current exchange rates) for Friederike.
Users of the PERILS Industry Exposure & Loss Database can find more information about the event in the PERILS Portal under the section “Industry Loss”. In line with the PERILS loss reporting schedule, the third loss estimate for Friederike will be released on July 17, 2018, six months after the event.
Topics Trends USA Profit Loss Europe Windstorm
Was this article valuable?
Here are more articles you may enjoy.
Shipper Escapes $41.9M Award for Man Paralyzed When Lights Fell From Pallet on Him 
Moody’s: US Faces $375B in Uninsured Flood Losses From 1-in-100-Year Event 
Viewpoint: The AI Boom – When Risk Stops Being Rare, Insurance Must Evolve 
After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI 
