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European windstorm claims reach an estimated $832 million

Posted On: Apr. 19, 2019 3:09 AM CST

Damage from Cyclone Eberhard

Swiss catastrophe data provider Perils A.G. said that European windstorms Draghi and Eberhard are likely to have caused €740 million ($832 million) in insured losses, reports. Risk modelers initially said that storm Eberhard is likely to have caused up to €1.5 billion of losses. Storm Draghi struck Europe on March 9 while storm Eberhard struck on March 10.

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