LONDON (Reuters) - Insurers nursing hefty losses from severe spring floods in Europe face paying out a similar amount again after areas of Germany and France were repeatedly pounded by grapefruit-sized hail stones over the summer.
Analysis from the reinsurance arm of broker Willis estimates the insured loss from a run of hail storms to hit central Europe between June 17 and August 6 at around 3.5 billion euros ($4.72 billion).
The insurance industry was hit earlier in the year by insured losses estimated at between 3 billion euros and 4 billion euros from flooding in Germany, Austria and the Czech Republic following weeks of torrential rain in May and June.
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