Insured Flood Losses from U.K. Storm Desmond Estimated at $1 Billion: PERILS

The initial estimate of the insured property market loss for flood damage caused by storm Desmond during Dec. 4-24, 2015 is £717 million ($1 billion), while windstorm losses from the event are estimated at £42 million ($59.3 million), according to …

from News – Insurance Journal