California-based Risk Management Solutions Inc. (RMS), announced that the windstorm, designated Jeanett, which has hit the U.K., France, and the rest of northern Europe in late October, could cause up to 1 billion Euros ($983 million) in damages. The storm, packing hurricane force winds in excess of 100 mph first struck on Sunday night (See IJ Web site Oct. 28), causing the deaths of seven people in England and Wales and four in Northern France. It then moved on to the Netherlands, Belgium and Germany, where 11 people were reported to have lost their lives in storm related accidents. RMS preliminary estimates of insured losses was that they “will be unlikely to exceed Euro 0.3 billion ($295 million).” In addition to direct damages caused by the storm, Jeanett severely affected power lines and transport networks, leaving many regions still without electric power. RMS also noted that “in Germany, wind damage to buildings, particularly older properties, and flooding from the accompanying heavy rain resulted in more than 80,000 insurance claims being registered within 48 hours of the storm.”
Editor’s note: In a Nov. 4 release, 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.
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