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Xynthia could hit insurers for Eu3bn: AIR
03 March 2010
Catastrophe risk modelling firm AIR Worldwide estimates that insured losses in France, Belgium, Germany, and Netherlands from winter storm Xynthia will be between Eu1.5bn ($2bn) and Eu3bn ($4bn).
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Catastrophe
risk modeling
AIR Worldwide
France
Belgium
Germany
Xynthia
winter storm
Catastrophe risk modeling firm AIR Worldwide estimates that insured losses in France, Belgium, Germany, and Netherlands from winter storm Xynthia will be between Eu1.5bn ($2bn) and Eu3bn ($4bn).
The strong cyclone approached the Atlantic coast of Western Europe on February 27, in the northern provinces of Spain and Portugal. It then moved northeast over the Biscayan Sea into central France before losing intensity on its path through Germany and eventually dissipating over the Baltic Sea.
“Xynthia brought with it a potent combination...
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