Severe European storms during June had an economic price tag of US$2 billion, while insurers anticipated claims topping $1.5 billion, according to the latest edition of Aon’s monthly Global Catastrophe Recap report. The report said most of these losses came …
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 …
The initial insured property losses for extratropical cyclone “Dragi-Eberhard,” which hit the British Isles, and Western and Central Europe on March 9-10, 2019, are estimated at €740 million ($831.8 million), according to PERILS, the independent Zurich-based organization that provides industry-wide …
The final loss estimate for Extratropical Cyclone Friederike, also known as David, reached €1.672 Billion ($1.906 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This compares to the previous PERILS loss report of €1.675 …
Insured loss estimates from major natural catastrophes in 2018 totaled roughly $71.5 billion, the highest since 2011’s annual market losses of $120 billion, according to Willis Re. However, the insured losses in 2018 are slightly less than half of those …
Heavy snowfall continued Thursday in parts of Austria and southern Germany, with several places cut off and the bad weather expected to last at least another day. Snow was causing problems in other parts of Europe, even in Norway’s Arctic …
Deadly winter weather blasted Europe for yet another day Tuesday, trapping hundreds of people in Alpine regions, whipping up high winds that caused flight cancellations and increasing the risks of more deadly avalanches. At least 13 people have been killed …
Hannele Arvonen, the owner of one of Sweden’s largest lumber yards, is spending the winter months planning for a new and unexpected threat to her business: regular wildfires raging just south of the Arctic Circle. Her business, Setra Group AB, …
The final estimate of insured property losses for Extratropical Cyclone Herwart, which primarily affected Austria and Germany on Oct. 29, 2017, is €264 million (US$300.6 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This …
A weakened Hurricane Leslie slammed into the coast of Portugal, leaving 27 people injured as it uprooted trees, brought down power lines and smashed store windows with gusting winds and heavy rain. Over 60 people were forced to leave their …
