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Willis Re: St. Jude Storm UK Insured Loss May Hit $800M

Insurers are set to pay 300-500 million pounds (about US$480-800 million) to cover UK claims related to damage caused by the St Jude's Day storm, Willis Re estimates, keeping profits intact despite the human cost.

By Chris Vellacott, Reuters | Updated on October 29, 2013

Insurers are set to pay 300-500 million pounds (about US$480-800 million) to cover UK claims related to damage caused by the St Jude’s Day storm, Willis Re estimates, keeping profits intact despite the human cost.

Northern Europe was battered by hurricane strength winds on Monday, killing more than a dozen people and causing widespread disruption as power lines and transport links were cut by falling trees.

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