Italian severe convective storm insured loss to surpass $3bn
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Italian severe convective storm insured loss to surpass $3bn

Basilica and Abbey of Santa Giustina Padua downtown (Padova), Prato della Valle square, Veneto, Italy, Europe storm.jpg

Insured losses from severe convective storms (SCS) that devastated parts of northern Italy in July are creeping beyond earlier estimates and are likely to surpass $3bn, this publication understands.