Insurers will have to pay out up to 1.3 billion euros ($1.75 billion) in claims after the storm that swept through northern Europe in late October, broker Willis Re estimates.
Northern Europe was battered by hurricane strength winds between October 27-29, with Britain, France, Belgium, the Netherlands, Denmark and Germany bearing the brunt of the damage to property.
Damage, adding up to an insured loss between 800 million euros and 1.3 billion euros, was caused mainly by falling trees, consisting largely of broken roof tiles and smashed windows, Willis Re said in a note on Monday.
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