Press Release
AIR Worldwide Estimates Industry Insured Losses for Winter Storm Eberhard
BOSTON, March 14, 2019 - Catastrophe risk modeling firm AIR Worldwide estimates that insured losses due to wind from Winter Storm Eberhard will range between EUR 900 million and EUR 1.5 billion, the majority of which are expected in Germany.
Winter Storm Eberhard follows on the heels of Freya/Bennet, which affected Wales and England on March 3, bringing strong winds and some flooding, then impacted Germany and parts of France and Denmark through March 5; Laura/Cornelius, which affected the UK and Scandinavian countries later the same week; and Dragi, which affected Northern Europe just before Eberhard.
On March 9-10 Eberhard first struck the UK, the Netherlands, and Belgium, then began impacting Germany and finally headed farther east, affecting Austria, the Czech Republic, and Poland. Local authorities reported felled trees, power outages, and travel disruption—including rail, road, and aviation.
AIR’s modeled insured loss estimates include:
• Insured physical damage from wind to property (residential, commercial, industrial, agricultural, and auto), including structures and their contents, as well as business interruption and additional living expenses
AIR’s modeled insured loss estimates do not include:
• Losses due to coastal or inland flooding
• Additional living expenses (ALE) for residential claims for all modeled countries, except the UK
• Losses to uninsured properties
• Losses to infrastructure
• Demand surge
• Losses from winter storms Freya/Bennet, Laura/Cornelius, or Dragi
Winter Storm Eberhard follows on the heels of Freya/Bennet, which affected Wales and England on March 3, bringing strong winds and some flooding, then impacted Germany and parts of France and Denmark through March 5; Laura/Cornelius, which affected the UK and Scandinavian countries later the same week; and Dragi, which affected Northern Europe just before Eberhard.
On March 9-10 Eberhard first struck the UK, the Netherlands, and Belgium, then began impacting Germany and finally headed farther east, affecting Austria, the Czech Republic, and Poland. Local authorities reported felled trees, power outages, and travel disruption—including rail, road, and aviation.
AIR’s modeled insured loss estimates include:
• Insured physical damage from wind to property (residential, commercial, industrial, agricultural, and auto), including structures and their contents, as well as business interruption and additional living expenses
AIR’s modeled insured loss estimates do not include:
• Losses due to coastal or inland flooding
• Additional living expenses (ALE) for residential claims for all modeled countries, except the UK
• Losses to uninsured properties
• Losses to infrastructure
• Demand surge
• Losses from winter storms Freya/Bennet, Laura/Cornelius, or Dragi
