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German storm Xavier losses hit $344 million: Perils

Posted On: Nov. 16, 2017 11:12 AM CST

Extratropical Cyclone Xavier, which primarily affected Germany last month, caused an estimated €291 million ($344 million) in insured losses, Zurich-based catastrophe insurance market data firm Perils A.G. said Thursday.

Xavier was a fast-moving and violent storm that killed seven people in Germany on Oct. 5, Perils said in a statement. The storm hit early in the European winter storm season when many trees were still heavy with leaves and more prone to being blown over than in winter.

Damaging gusts occurred along a narrow corridor about 155 miles wide that ran from Hamburg to Berlin and affected the German states of Hamburg, Lower Saxony, Saxony-Anhalt, Brandenburg and Berlin. Intense winds rolled over northern and eastern Germany for about 14 hours, reflecting Xavier’s rapid passage, Perils said.

Perils said it will release an updated estimate of the Xavier market loss on Jan. 5.