The historic 1987 Great Windstorm that hit areas of France and Britain would be more than 2.5 times as costly if it occurred today with possible insured loss exceeding $14.3 billion, a modeling firm estimates.
Risk Management Solutions (RMS) said its analysis reveals that a windstorm of similar magnitude striking the region this year would result in insured losses ranging between ?4 billion ($8.2 billion) and ?7 billion ($14.3 billion) across Europe.
Of this, some 70 percent would be generated in the U.K–over 2.5 times the ?1.4 billion ($2.8 billion) cost incurred in 1987, RMS said.
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