Euro Windstorm Dmgs Climb Upward
Tuesday, November 5th, 2002 PropertyRisk Management Solutions, Inc. (RMS) has updated its estimate of damages and insured losses from Windstorm Jeanette, originally released on Oct. 30. RMS now estimates that total damages from the storm, which impacted northern Europe on Oct. 27 and 28, may exceed euro 1.5 billion ($1.49 billion). Insured losses are likely to be in the range of euro 0.8 to 1.2 billion ($797.6 million to $1.19 billion), principally in the United Kingdom, the Netherlands, and Germany. Initial estimates from RMS showed total damages of up to euro 1 billion ($997 million) and insured losses of less than euro 0.3 billion ($299.1 million). Additional information and analysis of recorded windspeeds has subsequently revealed a more damaging windfield for the storm, particularly in the Netherlands and Germany.
