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).

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