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Windstorm Egon likely to cause insured loss of $100 million

Windstorm Egon likely to cause insured loss of $100 million

Switzerland-based catastrophe insurance market data provider Perils A.G. and Aon Benfield Group Ltd.'s Impact Forecasting unit have said that windstorm Egon that hit Europe in mid-January is likely to result in an insurance loss of over $100 million, reports. 
Impact Forecasting said that German actuarial company Meyerthole Siems Kohlruss expects Egon to have caused an insured loss of about $100 million in Germany alone. 
Meanwhile, windstorm Barbara, which struck Europe on Dec. 25, 2016, is expected to have caused insurance loss of less than $213 million, sources said.

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