Western Europe is bracing for the worst storm so far this season with hurricane-strength wind gusts and rain potentially disrupting travel and causing damage to buildings. Storm Ciaran will bring heavy rain and intense winds from Spain to France and …
The UK’s Met Office warned of the possibility of severe flooding and loss of life in the northern part of the country for a second day as Storm Babet continues to hammer the region. Parts of eastern Scotland remain under …
Storm Babet has triggered a red alert in Scotland as exceptional rainfall and flooding pose a “danger to life,” according to the Met Office. About 350 homes are being evacuated in Brechin, as Scotland braces for its first red weather …
Insured losses due to wind from Winter Storms Dudley/Ylenia and Eunice/Zeynep will range between €3 billion and €5 billion (US$2.2 billion-$5.6 billion), the majority of which are expected in Germany, UK, and the Netherlands, according to Verisk Extreme Event Solutions …
An Atlantic storm battered Britain and Ireland on Friday with record winds of up to 122 miles per hour, killing at least one person, knocking out power for tens of thousands and shredding the roof of London’s O2 arena. Storm …
Britain’s Met Office issued a rare red weather warning for parts of the UK, saying hurricane-strength gusts of 90 miles (145 kilometers) an hour are set to hit the country on Friday. The weather service said the most dangerous winds …
The initial loss estimate for extratropical cyclone Sabine”, also known as “Ciara” and “Elsa,” is €1.55 billion (US$1.8 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The event hit the British Isles, and Western …
Insurers expect to make payments to customers hit by the recent Storms Ciara and Dennis of over £363 million (US$ 473.7 million), according to initial estimates from the Association of British Insurers (ABI). Initial ABI estimates show payouts from Storms …
Zurich Insurance Group AG reported a worse-than-expected loss in the fourth quarter as the company makes plans to turn around its unprofitable general insurance unit. The net loss was $424 million compared with a profit of $860 million a year …
January winter weather cost more than $4.0 billion of economic impact in the United States and Asia, according to Impact Forecasting, Aon Benfield’s catastrophe model development team, which evaluates the impact of natural disasters on a monthly basis. During the …
