(Bloomberg) — The storms that pounded vineyards in Southwestern France around Bordeaux and Cognac last month probably cost insurers as much as 900 million euros ($1.2 billion), Aon Plc said in a report.
Winds of 90 miles (145 kilometers) an hour and hail that swept through Western and Central Europe in the first half of June caused more than 2 billion euros in economic losses, the insurance broker said yesterday in a report. France and Germany were hit the hardest.
Europe has been slammed by bad weather in June for two years in a row. In 2013, insurers paid more than $4 billion as a result of hailstorms, mostly in the western part of the continent, said Aon. This year, about 363,000 claims were filed in France amid destruction in wine-producing regions.
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