NU Online News Service, March 3, 11:07 a.m. EST
Catastrophe risk modeling firm AIR Worldwide estimates that insured losses in France, Belgium, Germany and Netherlands from winter storm Xynthia will be between EUR1.5 billion ($2 billion) and EUR3 billion ($4 billion).
Deutsche R?ckversicherung AG in D?sseldorf said that the carrier's initial assessment of its insured losses in Germany account for EUR500 million ($600 million) to EUR1 billion ($1.4 billion), and more than EUR2 billion ($2.7 billion) in France.
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