Storm Niklas to cost insurers up to 1.9 bln euros

April 7, 2015 1:17 PM

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FRANKFURT, April 7 (Reuters) - Storm Niklas, which hit Germany and other parts of Europe last week, is expected to cost insurers 1.0-1.9 billion euros ($1.1-2.1 billion), catastrophe modelling firm AIR said on Tuesday.

The agency said the majority of damage to houses and commercial properties as well as cars occurred in Germany, while countries such as Austria, Belgium, the Czech Republic, France and Ireland were also affected.

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