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PERILS puts final loss estimate from storms Eva, Frank at £504M

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PERILS puts final loss estimate from storms Eva, Frank at £504M

Catastrophe insurance data provider PERILS said its fourth and final loss estimate for the insured property market due to storms Eva and Frank in December 2015, along with other low pressure systems in early January 2016, stood at £504 million.

The amount is less than PERILS' third loss estimate of £538 million in June and its second loss estimate of £578 million in March.