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Storm Herwart likely to cause nearly $350 million in insured losses

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Storm Herwart, which struck Germany, Poland, Hungary and Czech Republic on Oct. 29, has caused an estimated €300 million ($348.5 million) of insured losses, 1asig.ro reported. Czech insurers have received nearly 18,000 claims worth about 400 million Czech koruna ($18.2 million). The insurers expect the figure to rise to 30,000 claims amounting to CZK 900 million. Meanwhile, Hungarian insurance association Magyar Biztositok Szovetsege said that local insurers received about 3,200 claims worth more than 300 million Hungarian forint ($1.1 million).

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