Severe convective storms in Europe cause $2.9 billion in insured losses - Business Insurance

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Severe convective storms in Europe cause $2.9 billion in insured losses - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Severe convective storms in Europe cause $2.9 billion in insured losses by Matthew Lerner Catastrophes , Reinsurance European Union , France , Italy , Switzerland Arthur J. Gallagher & Co. Sep 4, 2026 Severe convective storms in Europe at the end of August caused an estimated €2.5 billion ($2.9 billion) in insured losses, according to commentary Friday from Gallagher Re. The storm system, named Raphaela by the free University of Berlin, hit parts of France, Switzerland and Italy August 27 and 28. Another low named Quiria also hit France August 24 to 26. Severe storms and supercells resulted in “significant” damage to residential and commercial properties, vehicles and agribusiness operations. Hailstones reached 3.9 inches in regions of Italy, 3.5 inches in France and 2.7 inches in Italy, according to reports. Straight line winds also contributed to the damage, the report said. Severe convective storms have risen to become a main driver of yearly natural catastrophe losses, causing an estimated $28 billion in insured losses in the first half of 2026. Related News Woman allegedly takes insurer to the cleaners September 4, 2026 Illinois court overturns $165K comp medical award September 4, 2026 Nepal floods could cost insurers over $130 million September 4, 2026 US opens probe into Tesla Cybercab compliance with federal safety rules September 4, 2026 The BI Top 10 for the week of Aug. 31, 2026 September 4, 2026 Lloyd’s first-half profit falls 17% September 4, 2026 Marine insurers face $2B in Iran war claims September 4, 2026 Reinsurers eye acquisitions as surplus capital grows September 4, 2026 Substantial underwriting deterioration needed to reverse price softening: Howden Re September 4, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.

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