Perils pegs final insured loss estimates for October floods at $623 million
Posted On: Nov. 3, 2022 10:19 AM CST![Catastrophes](https://bicontent.businessinsurance.com/15b67d3b-ab02-42db-8953-dd3f97610c5d.jpg)
Swiss catastrophe data provider Perils AG has pegged its final insured loss estimates for the severe storms that pummelled southern Australia in October 2021, at $972 million Australian ($623 million), Reinsurance News reported. The final estimates are below its previous estimate of over AUD 1billion that it issued back in May.