Storm Eleanor insured loss estimate rises

Storm Eleanor as seen from Porthleven Harbour in Cornwall, England/ SHUTTERSTOCK.COM

Perils A.G. raised its estimate of the insured property market loss from cyclone Burglind, also known as Eleanor, to €680 million ($953.2 million).

In February, the Zurich-based catastrophe loss data company estimated insured losses from the storm, which caused significant damage across Austria, Belgium, France, Germany, Ireland, Luxembourg, the Netherlands, Switzerland and the United Kingdom on Jan. 2 and 3, at €643 million.

The depression — named Burglind by the Free University of Berlin and Eleanor by the Irish and UK national weather services — affected a 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 July 2, Perils said in a statement on Tuesday.