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Most of the losses occurred in Germany, followed by the Benelux states, the UK and France.
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Continuing a trend of several years, secondary perils caused most insured losses at $81bn, or 73% of the total.
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The study says a more La Niña-like environment has driven the trend.
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Damage from windstorms that swept across the central and eastern United States from 21 to 23 March could cause hundreds of millions of dollars in economic and insured losses, according to the Aon Impact Forecasting weekly cat report.
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Of that roughly $400mn to $820mn can be attributed to commercial and industrial properties, according to Verisk.
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Property losses contributed 88% of the total industry loss total, while 12% were due to motor lines of business.
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This is down from the one-in-400-year benchmark used previously.
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The insurer predicts there will be some release from its provision, but it will happen over time and is subject to court proceedings.
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BMS’s Andrew Siffert said losses from US winter-related storms and thunderstorms are likely to arrive at a below-average figure for Q1.
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The earthquake on Wednesday night caused power cuts for more than 2.2 million homes.
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The home and auto carrier has received around 5,000 claims so far.