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22 May 2024Insurance

Insurance losses from severe flooding in Italy cut by almost 3%

Insurance losses from severe flooding in the northern Italian region of Emilia-Romagna in May 2023 has been revised. Catastrophe insurance data provider PERILS has finalised the estimates nearly 3% lower than its previous figure

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22 April 2024   The British isles took the brunt of the storms at £474m, chiefly flood damage.
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3 May 2024   PERILS has raised the industry loss estimates for the event by an additional 5.5%.
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