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Insured loss estimate for Dragi-Eberhard storm rises

Posted On: Jun. 7, 2019 7:35 AM CST

Storm Eberhard damage

Perils AG has raised its estimate of the insured property market loss from windstorm Dragi-Eberhard to €798 million ($899.9 million).

The latest estimate compares with the initial loss estimate of €740 million issued by Perils on April 18, the Zurich-based catastrophe loss data company said Friday in a statement.

The storm affected the British Isles and Western and Central Europe on March 9 and 10, with the majority of the losses occurring in Belgium, France and Germany.

The third estimate for Dragi-Eberhard will be published on Sept. 9.