Perils increases loss estimate for Emilia-Romagna floods 29% to EUR488mn
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Perils increases loss estimate for Emilia-Romagna floods 29% to EUR488mn

Samuel Casey
22 August 2023
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Zurich cityscape

Loss aggregator Perils has estimated that flooding in the Emilia-Romagna region of Italy in May will cost insurers EUR488mn ($533mn) in claims.

The updated estimate was 29% higher that the EUR377mn loss pick Perils published in July.

The central Italian region was struck by heavy rain and flooding in May following a prolonged period of drought.

Emilia-Romagna

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Samuel Casey
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