(Bloomberg) -- Windstorms Mike and Niklas, which swept across Europe last month, killing nine people and severely damaging parts of Germany, probably cost insurers more than $1 billion, Aon Plc said.
The hurricane-force winds also struck portions of the U.K., Netherlands, Switzerland, Austria and Poland, the insurance broker said Wednesday in a report.
“The most severe damage was reported in Germany, where trees were downed, vehicles were toppled, and some structures were impacted by localized flooding,” London-based Aon said.
Areas of Italy and the Balkan nations were battered by a storm earlier in March that led to seven deaths and caused millions of dollars in economic losses, the report showed. Also last month, the U.S. suffered insured losses in the hundreds of millions of dollars from widespread hail, wind and tornado damage, Aon said.
Copyright 2018 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
