Storm Eunice to cost insurers between £200-£350m
21st February 2022Tweet
Initial estimates suggest Storm Eunice will cost insurers between £200m to £350m due to property damage, business and travel disruption according to PwC.
Mohammad Khan, General Insurance Leader at PwC UK, said: “Based on the high winds which have led to damage to homes and commercial buildings plus extensive travel disruptions, we estimate that the insurance losses for Storm Eunice will be between £200m to £350m.
“It was expected that Storm Eunice would be severe and we’ve seen the strongest gusts impacting coastal areas as well as travel disruption with airlines and train operators cancelling flights and entire rail lines impacting travel across the country.
“As with Storm Dudley, insurance losses will mainly be in respect of damage to homes, commercial properties and vehicles from falling trees and flying debris.”Tweet