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Windstorm loss estimate increases


Insured property losses from windstorm Elon-Felix, that hit Western and Northern Europe from Jan. 8 to 11, totaled about €335 million ($367.6 million), according to the latest estimate by catastrophe loss data company Perils A.G.

Zurich-based Perils on Wednesday released its second loss estimate for insured damages from the storm which was up slightly from a previously estimated €328 million ($359.9 million) loss.

The storm also was known as Dagmar-Egon in Denmark and Sweden, and as Nina in Norway. Most of the damage caused by the storm was in Denmark, Germany, Norway, Sweden and the United Kingdom.

Perils will report a third loss estimate for the storm on July 8.