Perils warns of continued storms as it gives third Babet damage estimate

Rail storm damage

Perils has disclosed its third industry loss estimate for the floods and storms caused by storm systems Babet and Aline that hit the British Isles and north western Europe in October 2023.

In December, Perils had valued the damage of these storm systems at £436m, then later, in January, it updated its loss estimate to £586m.

Now, in its third estimate for losses to the industry, Perils

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