Insurance Post

A hazy outlook?

As the 2003-04 European winter storm season gets underway it is an excellent time to re-examine this complex and potentially costly peril.The insurance industry will undoubtedly remember 1999, the year Anatol, Lothar, and Martin paralysed much of the continent. Insured losses from Lothar and Martin cost roughly EUR8bn in France alone.Using a methodology developed by Denmark's Riso Labs for estimating return period winds, it is estimated that the wind speeds associated with Lothar and Martin