Windstorm Christian caused $1.35 billion in insured property damage
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Late October's Windstorm Christian caused an estimated €994 million ($1.35 billion) in insured property damage throughout a wide area of Europe, Zurich-based Perils A.G. announced Friday.
The Oct. 27-29 storm, known widely as Christian but with several names depending on the country, caused widespread damage in Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Luxembourg, the Netherlands, Sweden and the United Kingdom.
According to Perils, an independent organization that provides industrywide catastrophe insurance data, the majority of the losses occurred in Denmark, Germany and the Netherlands. The estimate does not include losses covered by government programs.
Earlier estimates put losses from the windstorm as high as €2.3 billion ($3.13 billion).
Perils expects to issue an updated estimate of the market loss due to Christian by Jan. 27, three months after the start of the storm.
