Extreme Weather in Germany Costs Insurers US$5.4 Billion in 2023: GDV December 29, 2023 Extreme weather in Germany again caused high insurance claims this year, with an estimated price tag of €4.9 billion (US$5.4...
Hannover Re’s Germany Unit Expects Further Price Hikes at January Renewals October 23, 2023 E+S Rückversicherung AG, the Hannover Re subsidiary responsible for the group’s German business, expects further price increases and improved conditions...
Climate Change to Cost Germany Up to €900B by 2050: Study March 7, 2023 Extreme weather caused by climate change could cost Germany up to 900 billion euros [$957.2 billion] in cumulative economic damage...
Insured Losses for 2 Recent European Windstorms Estimated at €3B-€5B: Verisk February 25, 2022 Insured losses due to wind from Winter Storms Dudley/Ylenia and Eunice/Zeynep will range between €3 billion and €5 billion (US$2.2...
Insurers Face Higher Claims from Severe Convective Storms in Germany May 16, 2019 By William Wilkes Swimmers at the Lusshardtsee lake about 60 miles south of Frankfurt in Germany thought they’d found respite from the blazing...
Final Insured Loss for Germany’s Cyclone Xavier in 2017 Estimated at €324M: PERILS October 5, 2018 The final insured property market losses for Extratropical Cyclone Xavier, based on loss data collected from affected insurers, is €324...
Insured Losses for Europe’s Storm Egon Finalized at $329.7M by PERILS January 12, 2018 The final insured loss estimate for windstorm Egon, which primarily affected France and Germany on Jan. 12-13, 2017, is €275...
Insured Losses for Germany’s Cyclone Xavier Rise to US$391.5M: PERILS January 5, 2018 The insured property market loss for Extratropical Cyclone Xavier, which affected Germany on Oct. 5, 2017, has risen to €325...
Insured Losses for Cyclone Xavier in Germany Estimated at $343.6M: PERILS November 16, 2017 The initial estimate of the insured property market loss for Extratropical Cyclone Xavier, which primarily affected Germany on Oct. 5,...
Windstorm Egon’s Insurance Loss Estimate Rises to US$314.7M: PERILS July 13, 2017 The estimated property insurance losses for Windstorm Egon, which hit France and Germany on Jan. 12-13, 2017, have been revised...