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Storm Eleanor likely to cause $600 million in insurance loss

Posted On: Jan. 5, 2018 4:37 AM CST

German actuarial consulting firm Meyerthole Siems Kohlruss expects storm Eleanor to cause around €500 million ($600 million) in insured and reinsured losses, Artemis reported. The storm is likely to cause around €200 million of insured losses in Germany alone, the firm said. The storm struck Ireland and the United Kingdom on Jan. 3, before moving to northern Europe, affecting Germany, France and the Benelux countries. The company expects storm Eleanor to cause the largest loss of the winter 2017/18 European storm season.

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