(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.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
