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22 October 2024Insurance

Perils lowers final insurance loss estimate for Babet-Aline floods

Industry losses from floods and storms caused by low-pressure systems Babet and Aline over the British Isles and northwestern Europe in mid-October 2023 are pegged at €639 million, the independent Zurich-based nat cat tracker PERILS said in its fourth and final estimate for the events.

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