Perils pegs European February storm cost at EUR3.7bn
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Perils pegs European February storm cost at EUR3.7bn

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Perils has increased its estimate for the insured loss caused by European windstorms hitting the UK and Continental Europe in mid-February to EUR3.7bn ($3.7bn).

This figure comes after Perils estimated in May that the storms would have caused EUR3.6bn in damage.

The storms – dubbed Dudley, Eunice and Franklin by the UK Met Office –generated strong winds across the British Isles and Western Europe,...

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