Verisk Estimates Industry Insured Losses from Winter Storm Ciarán will Range from EUR 800 Million to EUR 1.3 Billion
Ciarán began as a shallow low that developed over the Ohio Valley, U.S., on Sunday 29 October, associated with very strong temperature gradients in the region.
- Ciarán began as a shallow low that developed over the Ohio Valley, U.S., on Sunday 29 October, associated with very strong temperature gradients in the region.
- On Wednesday 1 November, the storm explosively deepened by 34 mb in 24 hours over warm sea surface temperatures, classifying Ciarán as a bomb cyclone.
- However, high-exposure regions in the area were spared the worst impacts from the storm.
- Verisk’s modeled insured loss estimates do not include:
Additional living expenses (ALE) for residential claims for all modeled countries, except the UK