Windstorm Eleanor causes insured losses of $788 million: Perils
Reprints
Perils A.G. has estimated the insured property market loss from Cyclone Burglind, also known as Eleanor, at €643 million ($787.8 million).
The storm caused significant damage across Austria, Belgium, France, Germany, Ireland, Luxembourg, the Netherlands, Switzerland and the United Kingdom on Jan. 2 and 3, the Zurich-based catastrophe loss data company said Tuesday in a statement.
The depression — named Burglind by the Free University of Berlin and Eleanor by the Irish and U.K. national weather services — affected a very large area across the British Isles and Western Europe, causing the deaths of at least six people in France.
The organization will release an updated loss estimate for the storm on April 2.
Read Next
-
Storm Eleanor likely to cause $600 million in insurance loss
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.
