Perils cuts 10% off Desmond industry loss estimate

Catastrophe data specialist Perils has lowered its industry loss
estimate for Storm Desmond to £597mn ($860.6mn) from
£662mn ($936mn) in March.
Storm Desmond brought record-breaking rainfall to the northwest
of England, with floods peaking on 5 and 6 December 2015.
This is the agency's third loss report for the floods.
Perils originally estimated the floods would cost £717mn -
just over the $1bn mark.
The latest Perils report contains loss data by Cresta zone (area
code), broke