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Perils A.G. slightly lowered its estimate of the insured property market loss from extratropical cyclone Thomas, known as Doris in the United Kingdom and Ireland, to €248 million ($307.7 million).
The fourth and final estimate for the storm, which affected the British Isles, Belgium, the Netherlands and Germany in February 2017, is slightly below the €249 million estimate released in August 2017, the Zurich-based catastrophe loss data company said Friday in a statement.
Most of the losses from Thomas occurred in the United Kingdom, according to Perils.
U.K.-based reinsurance broker Aon Benfield Group Ltd.'s subsidiary Impact Forecasting L.L.C. has said that storm Doris, that hit the United Kingdom on Feb. 22, could result in the largest insurance and reinsurance losses of the 2016-2017 storm season, Artemis.bm reported. Impact Forecasting said that with damage caused significant damage in a number of countries, including Ireland, the United Kingdom, the Netherlands, Germany, the Czech Republic and others.