Insured Losses from July Floods in Germany Could Approach $6B: AIR Worldwide July 28, 2021 AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6...
Trans-Siberian Railway Bridge Resumes Operations After Repair of Flood Damages July 27, 2021 MOSCOW — Russia said on Tuesday it had fully restored train travel over a Trans-Siberian railway bridge in its far...
Flooding Damages Bridge on Russia’s Trans-Siberian Railway, Blocking Traffic July 23, 2021 MOSCOW – Flooding has damaged a bridge on Russia’s Trans-Siberian railway in its Far East, suspending traffic in the area,...
Germany’s Floods Will See ‘Sizable’ Protection Gap. Could Insurance Demand Increase? July 22, 2021 By L.S. Howard With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany’s...
Deadly Floods in China, Europe Send Stark Reminder of Climate Change Vulnerabilities July 22, 2021 By Aradhana Aravindan and James Mackenzie Deadly floods that have upended life in both China and Germany have sent a stark reminder that climate change is...
UK’s Aviva Calls for Urgent Action to Protect Homes, Businesses from Climate Change July 21, 2021 British insurer Aviva called on Wednesday for urgent action from policymakers, developers and insurers to protect homes and businesses from...
German Floods Will Be Expensive but Unlikely to Burn Through Insurers’ Earnings: Fitch July 20, 2021 The recent severe floods in Germany could add up to 5 percentage points to German non-life insurers’ net combined ratios...
Death Toll from European Floods Rises Above 180 July 19, 2021 By Geir Moulson The death toll from flooding in Western Europe climbed above 180 on Sunday after rescue workers dug deeper into debris...
Germany Reels from Flood ‘Catastrophe’; Insurers Expect Costly Claims for 2021 July 16, 2021 By Stefan Nicola and Birgit Jennen Chancellor Angela Merkel pledged swift help backed by “all the power of the state” for people affected by devastating flooding...
Storms Cause Heavy Flooding Across Parts of Western and Central Europe July 15, 2021 Storms caused heavy flooding across parts of western and central Europe overnight, with one man missing after being swept away...