Insured industry losses from the flooding in the Czech Republic, Poland and Austria in September 2024 will range from €2 billion (US$2.2 billion) to €3 billion (US$3.4 billion), according to Verisk, the data analytics and technology provider. S&P Global Ratings …
The heavy rains and severe floods of Storm Boris, which inundated Central and Eastern Europe during the second week in September, will be the most severe flood event in about a decade, carrying an insurance price tag of an estimated …
Record rainfall leading to flooding that killed 24 people in Europe earlier in September was twice as likely due to manmade climate change, a study has found. The flooding took place across central Europe after Storm Boris stalled over the …
Floods ripped through central Europe killing at least 17 people, as governments across the region took emergency measures and prepared to spend hundreds of millions of euros on the cleanup. Flows in the Danube — Europe’s second-longest river — were …
Catastrophe risk modeling firm AIR Worldwide announced it has released an expanded inland flood model for Central Europe to include the country of Poland in its model domain. AIR also announced that it has updated the storm surge component of …
Vienna Insurance Group AG, Austria’s biggest insurer, reported second-quarter profit plunged after the worst central European floods in a decade caused damage compensation to triple. The shares fell. Pretax profit for the period ending June 30 dropped 69 percent to …
Catastrophe modeling firm AIR Worldwide estimates that insured losses in Germany from the recent floods in Central Europe are between €4.0 billion [$5.28 billion] and €5.8 billion [$7.66 billion]. The overall economic impact is expected to be much higher. While …
Hungary was set to contain the Danube river from overflowing in Budapest while the economic toll grew in eastern Germany, where thousands of people have been forced to evacuate along the Elbe River. Hungarian authorities are “in control” of the …
PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced the release of satellite-based flood footprints for the ongoing floods in Central Europe, concentrated on Germany, Austria and the Czech Republic. PERILS said the images “will update …
The losses insurers face from the worst flooding in central Europe since 2002 may be lower than those resulting from the deluge 11 years ago even as the toll on local economies looms larger. Insured losses may reach 2 billion …
