daniel-stander-special-advisor-united-nations-christian-badorff-senior-analyst-moody-s
Daniel Stander, special advisor, United Nations; Christian Badorff, senior analyst, Moody's
8 September 2021 Insurance

After the deluge: what lessons have insurers learned after the recent floods?

Beginning on July 12, 2021, the North Rhine-Westphalia and Rhineland-Palatinate areas of Germany suffered horrific flooding that, over the course of a week, killed nearly 200 people and displaced thousands from their homes. The damage was so bad that the state premier Armin Laschet declared in the days afterwards that up to €30 billion ($35 billion) may be needed to help rebuild.

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