Insurance data provider increases European storm loss estimate

ZURICH—PERILS A.G., a Zurich-based catastrophe insurance data provider, has increased its estimate of insured losses from Windstorm Xynthia in Europe to €1.3 billion ($1.65 billion).

The loss estimate is the third that PERILS has issued since the Feb. 27-March 1 storm and is a 2.4% increase from its most recent estimate in May.

Xynthia caused widespread damage and 63 fatalities across Belgium, Denmark, France, Germany, Poland, Portugal, Spain, Sweden and parts of the southeast United Kingdom.