AIR Worldwide Estimates Insured Losses for Winter Storm Ciara-Sabine Will Be Between EUR 1.1 Billion and EUR 1.9 Billion
BOSTON, Feb. 14, 2020 (GLOBE NEWSWIRE) -- Catastrophe risk modeling firm AIR Worldwide estimates that insured losses due to wind from Winter Storm Ciara-Sabine will range between EUR 1.1 billion and EUR 1.9 billion, the majority of which are expected in Germany, France, and the United Kingdom. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.
Storm Ciara was officially named on Wednesday, February 5, by the UK Met Office, the third windstorm the agency has named this season. Ciara struck parts of Ireland and the UK on Sunday, February 9, then moved to Europe where it was named Sabine in Germany and also impacted France, the Netherlands, Belgium, Poland, the Czech Republic, Slovenia, Sweden, Denmark, and Norway (where it was named Elsa), and other European countries.
Hundreds of flights were canceled in the UK, Germany, Belgium, and the Netherlands; long-distance train service was suspended in Germany; and the ports of Dover, England, and Calais, France, were shut down. In addition, storm surge affected Hamburg after Sabine caused the Elbe River to rise.
AIR’s modeled insured loss estimates include:
AIR’s modeled insured loss estimates do not include:
About AIR Worldwide
For more information, contact: Kevin Long AIR Worldwide +1-617-267-6645 firstname.lastname@example.org
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