RMS Ups Kyrill Loss Estimates
Newark, Calif.-based RMS has revised its industry loss estimate for windstorm Kyrill to between €3 and €4 billion ($3.94 and $5.25 billion), based on recently available information.
“Windstorm Kyrill caused relatively low levels of damage over a very large area, covering 9 major European countries on Thursday, 18 January,” the bulletin noted. “RMS has continued to collate damage and loss information since the event, allowing the uncertainty in the initial loss estimate to reduce.”
Popular Today
- Hack That Paralyzed US Health Care Turns Up Scrutiny on Insurer
- Growing Progressive Set to Hire 10,000 for Claims, IT, Other Roles
- Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases
- Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
Popular This Month