Insurance losses top 4.5Billion

It is being estimated that the insurance markets are facing loses of up to €4.5 billion from the two storms a few weeks back. Germany suffers the lion share of that figure with The United Kingdom pulling in 15% of the total.

€4.5 BILLION largely made up of one storm and reportedly the worst loss since 2007.

I believe the terms 'storm clustering' will be of great importance soon.