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AIR Worldwide Corp. has estimated that insured losses from European Winter Storm Kyrill will be between €4 billion ($5.2 billion) and €8 billion ($10.4 billion).
The storm struck Europe last week, causing widespread disruption in France, Germany, the Netherlands and the United Kingdom, among other places.
Winter Storm Kyrill is the worst storm to hit Europe in eight years," according to Peter Dailey, director of atmospheric science for research and modeling at Boston, Massachusetts-based AIR Worldwide.