German flood losses estimated at €4bn


Catastrophe modelling firm AIR Worldwide estimates insured losses in Germany from the recent floods in central Europe will be between €4 billion and €5.8 billion. The overall economic impact is expected to be much higher. While the worst damage has already occurred, this flood event is ongoing.

Germany, Floods, Estimated Losses, AIR Worldwide, Insurance, Europe, Yorn Tatge

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