The revised estimate of property insurance losses for Windstorm Egon, which hit France and Germany on Jan. 12-13, 2017, is 鈧�234 million ($243 million), according to PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data.
The cold front associated with Egon also resulted in heavy rain and snowfall, PERILS said.
This revised estimate of the property insurance market loss compares to the initial loss estimate of 鈧�212 million ($220 million) which was issued by PERILS on Feb. 23, 2017.
In line with the PERILS loss reporting schedule, the third loss estimate for Egon will be published on July 12, 2017.
The third and any following loss estimates will be provided in full resolution, i.e. by CRESTA zone and by the property sub-lines Residential, Commercial, Industrial and Agricultural.
Subscribers to the PERILS Industry Exposure & Loss Database can find more information about Egon under “Industry Loss.”
Source: PERILS
Related:
Europe’s Windstorm Egon to Cost Insurers an Estimated US$223.3M: PERILS
Was this article valuable?
Here are more articles you may enjoy.
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
Florida Needs More 鈥� Much More 鈥� Wind Mitigation, Say Experts at OIR Summit 
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
