PERILS AG has disclosed its second loss estimate of €798 million ($898.1 million) for windstorm Dragi-Eberhard. This estimate compares to the initial loss estimate of €740 million ($832.9 million) which was issued by PERILS on April 18, 2019.
Storm Dragi-Eberhard hit the British Isles, and Western and Central Europe on March 9-10, 2019. The majority of the losses occurred in Belgium, France and Germany, said PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data.
The third estimate of the market loss for Dragi-Eberhard will be made available on Sept. 9, 2019, six months after the event. The loss information in this and any subsequent reports will be provided by CRESTA Zone and property lines of business.
Subscribers to the PERILS Industry Exposure & Loss Database can find more information about Dragi-Eberhard in the PERILS Portal under “Industry Loss.”
Source: PERILS
Related:
Europe’s Storm Dragi-Eberhard Costs Insurers Estimated €740M ($831.8M): PERILS
Topics Trends Profit Loss Europe Windstorm
Was this article valuable?
Here are more articles you may enjoy.
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs 
Another Crane, Then Another, Collapses Onto Home in Fort Lauderdale 
New Jersey Employers Should Prepare Now for Oct. 1 Independent Contractor Rule 
AM Best: US Home Insurers in 2025 Book First Underwriting Profit in Seven Years 
