European winter storms News

Multiple Smaller Natural Disasters in 2018 Created ‘Unusual’ Insured Loss Picture: Willis

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 …

Snowfall Continues to Disrupt Parts of Austria, Germany and Norway

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 Storm Blasts Europe with Heavy Snow and Winds

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 …

PERILS Puts Initial Loss Estimate for Windstorm Elon-Felix at $374 Million

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, announced that its initial loss estimate of the insured property market loss for windstorm Elon-Felix, which affected Western and Northern Europe from 8 to 11 January 2015, is €328 …