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Belgian insurers paid out $293 million for Kyrill

Sarah Veysey

July 17, 2007 Reprints

Catastrophes P/C Insurers More + Less -

BRUSSELS, BelgiumInsurers in Belgium paid claims of more than $293 million related to Windstorm Kyrill, which hit northern Europe in January, according to an industry body.

The Belgian insurance industry paid claims of more than €213 million ($293 million) for damage caused by the storm, almost double initial estimates, according to Brussels-based Assuralia, which represents insurers in Belgium.

The storm is estimated to have caused total insured losses in Europe of about €3.5 billion ($4.8 billion), Assuralia said in a statement.

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Belgian insurers paid out $293 million for Kyrill

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