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Ireland: Cost of insurance claims from winter storm damage estimated at $212.2 million

June 24, 2014 - 6:00am


The Irish Insurance Federation said cost of claims from damage caused by storms during February 2014 is estimated at €110 million ($149.6 million), while storms in December 2013 cost €46 million ($62.5 million) in claims, The Irish Times reported.

Insurer FBD Holdings P.L.C. has raised its estimate of weather-related claims cost from last winter's flooding to €44 million ($59.8 million) from €40 million ($54.4 million).

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