European floods News

Spain Braces for More Downpours After Floods Kill Three People

Spain is bracing for another round of torrential rains after flooding forced home evacuations, washed away cars and killed at least three people this week in the southern region of Andalusia. Authorities in Spain and Portugal issued amber alerts for …

Floods in France Force Evacuations and Cut Power to Homes

Flooding caused by Storm Herminia forced the evacuation of thousands of people in northwest France, while hundreds of homes remain without power. Back-to-back storms — Éowyn followed by Herminia — have triggered the worst flooding in 40 years in parts …

Europe’s Insurers May Face New Capital Rules for Climate Risk

Europe’s insurance watchdog has called for a recalibration of capital requirements to reflect rising climate-driven disasters across the continent. The European Insurance and Occupational Pensions Authority is recommending the industry update the way it accounts for natural catastrophe risks in …

European Insurers’ Fundamentals Resilient to Moderating Premium Rates, Falling Yields

European insurers approached the new year from a position of strength, having benefited from supportive interest rates and pricing cycles over the past two years. However, 2025 is expected to present more challenges, with falling yields and moderating premium rates …

Insured Losses from Central European Floods Range From US$2.2B to US$3.4B: Verisk

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 …

Central European Insurers’ Financial Strength to Remain Solid Despite Severe Floods

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 …

Climate Change Made Europe’s Deadly Floods Worse and More Likely

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 …

Flood Damage on Key Austrian Rail Link to Take Months to Repair

Austria’s national railways will need months to restore the country’s busiest train line after catastrophic floods wrecked infrastructure, throttling the capacity to move people and goods. Commuters and supply chains will need to adapt after record rainfall damaged tracks, tunnels …

Extreme Weather Adds to Fiscal Strains in Central Europe

Just a week ago, before deadly floods swept through central Europe, the Czech Republic looked on track to become the first country in the region since COVID-19 to pull its budget deficit firmly below the 3% of GDP cap set …

Historic Rainfall Inflicts Chaotic Floods Across Four Continents

Severe rains bucketed down on central Europe, Africa, Shanghai and the US Carolinas this week, underscoring the extreme ways in which climate change is altering the weather. Different meteorological phenomena are behind the series of storms, according to climate scientists, …