NU Online News Service, April 12, 11:55 a.m. EDT

PERILS AG, the European insurance industry database combine, said its initial estimate of the property insurance loss for Windstorm Xynthia is EUR1.28 billion ($1.74 billion).

Zurich-based PERILS said its estimate for the storm, which occurred at the end of February, encompasses all nine countries currently covered by PERILS, with the main losses stemming from France, Germany and Belgium.

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