Loss estimate for cyclone Eleanor increases

The  loss estimate for extratropical cyclone Burglind, also known as Eleanor, was lifted to €724 million by insurance data provider PERILS.

On April 3, 2018, PERILS had estimated the losses at €680 million. PERILS’ loss evaluations are based on actual loss data collected from affected insurance companies.

The cyclone caused significant damage across Austria, Belgium, France, Germany, Ireland, Luxembourg, the Netherlands, Switzerland, and the United Kingdom between Jan. 2 and 3, 2018.

Burglind affected a particularly vast area, extending from the British Isles into Western Europe. The majority of the incurred insurance losses were reported in France, Germany, and Switzerland. In Switzerland in particular, Burglind was an exceptional storm, generating insured loss levels that have not been recorded since windstorm Lothar in 1999.

Make sure you are GDPR compliant and  confirm your email address to keep getting our daily emails

More of today's news

Allstate partners with Uber in NY

Endeavour outsources claims processing

Brokerslink bolsters global broking operational capabilities with new hire

Castel appoints new non-exec chairman in expansion move

Brown & Brown acquires US MGU Health Special Risk

Don't miss our insurtech email newsletter - sign up today