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Storm Zoltan insured property losses may hit over $220 million

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Onnen Siems, managing director at actuarial consultancy firm Meyerthole Siems Kohlruss, said that insured damage to properties from the recent storm Zoltan in Germany is expected to hit €200 million ($221 million), Reinsurance News reported. This brings insured losses from natural hazards for this year to almost €4 billion in the country.

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