Insured Damage From Germany’s Deadly July Floods Estimated at €7B ($8.2B) August 27, 2021 Devastating floods in western Germany last month likely caused insured damage to the tune of about 7 billion euros ($8.2...
Climate Change Exacerbated Germany’s Deadly Floods: Report August 24, 2021 By Laura Millan The heavy rains and floods that killed at least 220 people in Belgium and Germany this summer were made more...
Insured Losses from European Floods Estimated at $6 Billion-$7.7 Billion: RMS August 23, 2021 RMS, the Newark, Calif.-based catastrophe modeling company, estimates that insured losses from the Western and Central Europe flooding, which occurred...
This Summer’s Extreme Weather Hitting World’s Wealthier Countries August 5, 2021 By Seth Borenstein and Frank Jordans As the world staggers through another summer of extreme weather, experts are noticing something different: 2021’s onslaught is hitting harder...
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...
Global Supply Chains Driven to Breaking Point on New COVID Wave, Natural Disasters July 26, 2021 By Jonathan Saul, Muyu Xu and Yilei Sun LONDON/BEIJING – A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South...
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...