Mohammad Khan, General Insurance Leader at PwC UK, said:
“Based on the areas impacted and the recorded wind speeds, we estimate that the insurance losses for Storm Dudley will be between £40 million to £75 million.
“As with Storm Arwen, the losses will mainly be in respect of damage to homes, commercial offices and vehicles from falling trees and flying debris. However, unlike Storm Arwen, power was restored in the majority of areas within 24 hours. This reduces potential insurance losses arising from business being unable to trade.
“Storm Eunice is expected to be much more severe, with higher wind speeds expected across a larger area. The strongest gusts are expected in coastal areas, which could result in flooding for some homes and businesses. Red weather warnings are currently in place in these areas and could result in further significant insurance losses.”
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