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European windstorm insured losses up to nearly $1 billion


Windstorm Mike-Niklas caused about €895 million ($999.45 million) in insured property losses when it struck parts of Western and Central Europe in late March and early April, according to catastrophe data firm Perils A.G.

Perils on Monday released its second loss estimate for insured losses for the storm system that hit Austria, Belgium, Germany, the Netherlands, Switzerland and the United Kingdom between March 29 and April 1.

Perils increased its loss estimate for the storm, which caused the most damage in Germany and was known as Lentestorm in the Netherlands, from the initial loss estimate of €853 million ($952.6 million) announced on May 11.

Perils will release a third loss estimate for damage from the storm on Sept. 29.