PERILS Raises Insured Loss Estimate for European Storms to €2.8 Billion
PERILS said Oct. 21 it has raised its insured loss estimate for the July 13-19 severe convective storms dubbed 'Cerry' — which brought large hail, heavy rain and damaging winds to France, Germany, Italy and Switzerland after a heatwave — to €2.806 billion, from an initial €2.186 billion.
The Zurich-based catastrophe insurance data provider added that its subsidiary CatIQ raised its estimate for the Sept. 2-3 storms in southern Ontario, Canada, to C$671 million from C$563 million. The next estimates for the European and Canadian events will be released on Jan. 19, 2027, and Dec. 3, 2026, respectively.
Source: GSM · USA (original Chinese edition)
Photo: Win Henderson, FEMA / Wikimedia Commons (Public domain)
