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Perils A.G. has said that the insured and reinsured losses from floods in the United Kingdom in December 2015 and early January 2016 now totals £1.13 billion ($1.68 billion), after the estimate for storms Eva and Frank decreased by 7%, Artemis.bm reports.
Perils has now estimated Eva and Frank to have cost the nation's insurance and reinsurance sector £538 million.
Of the total insured and reinsured loss of £1.135 billion, 62% stems from Commercial Property Lines.