Europe windstorms News

Insurers Face Higher Claims from Severe Convective Storms in Germany

Swimmers at the Lusshardtsee lake about 60 miles south of Frankfurt in Germany thought they’d found respite from the blazing sun one Sunday afternoon last summer. Unknown to them, however, sweltering ground temperatures were forcing a column of moist air …

Final Insured Losses for Europe’s Cyclone Burglind Reach €756M ($862.1M): PERILS

The final estimate of insured property losses from Europe’s Extratropical Cyclone Burglind, also known as Eleanor, have risen to €756 million ($862.1 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. PERILS’ fourth and final …

Final Insured Loss for Germany’s Cyclone Xavier in 2017 Estimated at €324M: PERILS

The final insured property market losses for Extratropical Cyclone Xavier, based on loss data collected from affected insurers, is €324 million ($372.5 million), according to estimates issued by PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This …

Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €724M ($842.3M): PERILS

The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €724 million (US$842.3 million), according to PERILS, the Zurich-based organization that provides industry-wide catastrophe insurance data. This third loss estimate from PERILS has risen …

Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €680M ($837.8M): PERILS

The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €680 million (US$837.8 million), according to PERILS, the Zurich-based organization that provides industry-wide catastrophe insurance data. This second loss estimate for Burglind has risen …

Europe’s Windstorm Burglind (aka Eleanor) Estimated to Cost $802.5M: PERILS

Initial insured losses for Extratropical Cyclone Burglind (also known as Eleanor) are estimated at €643 million (US$802.5 million), according to PERILS, the Zurich-based organization that provides industry-wide catastrophe insurance data. On Jan. 2-3, the event caused significant damage across Austria, …

Insured Losses from Europe’s Storm Eleanor/Burglind Estimated at $1.3B-$1.9B: AIR

Insured losses from winter Storm Eleanor/Burglind, which hit northern Europe on Jan. 3, will range between €1.1 billion ($1.3 billion) and €1.6 billion ($1.9 billion), according to estimates from catastrophe modeling firm AIR Worldwide. The majority of wind-related losses are …

Insured Losses for Germany’s Cyclone Xavier Rise to US$391.5M: PERILS

The insured property market loss for Extratropical Cyclone Xavier, which affected Germany on Oct. 5, 2017, has risen to €325 million (US$391.5 million)., according to data released by PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data. PERILS’ …

Insured Losses for Cyclone Xavier in Germany Estimated at $343.6M: PERILS

The initial estimate of the insured property market loss for Extratropical Cyclone Xavier, which primarily affected Germany on Oct. 5, 2017, is €291 million (US$343.6 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. In …

Weather Events in U.S., Australia Cost Insurers $1B+ in February: Aon

Insurers face claims of more than US$1.0 billion as a result of severe weather events in the U.S. and Australia during February, according to a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. The report discussed the …