Final loss estimate for storms Eva and Frank reduced by PERILS

PERILS has revealed its fourth and final loss estimate for the insured property market for UK floods linked to storms Eva and Frank in late December 2015 and other low pressure systems in early January 2016 is £504 million.

This is lower than its third loss estimate of £538 million, which was issued by PERILS in June 2016.

The fourth loss report for the “Eva-Frank” floods once again provides the loss data by CRESTA zone (area code), and broken down by residential and commercial property lines. In addition, it contains three different flood intensity measures for each CRESTA zone.