Spanish floods cause more than $300 million in insured losses
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Aon PLC's catastrophe modeling arm Impact Forecasting LLC expects Spanish floods to more than $318 million in insured and reinsured losses, Artemis reports. Heavy rains lashed several provinces in southeastern Spain between Sept. 11 and Sept. 15, causing widespread flooding. The Spanish Insurance Consortium expects around $224 million worth of property and auto insurance claims, while the Spanish agricultural insurance association expects $93 million in claims.
