Devastating floods in western Germany last month likely caused insured damage to the tune of about 7 billion euros ($8.2 billion), an insurance industry group said Wednesday, significantly increasing its previous estimate. More than 180 people died in Germany and …
The heavy rains and floods that killed at least 220 people in Belgium and Germany this summer were made more likely and more intense by climate change. These are the conclusions of a rapid attribution report put together in just …
RMS, the Newark, Calif.-based catastrophe modeling company, estimates that insured losses from the Western and Central Europe flooding, which occurred between July 12 and 18, 2021, will likely range between €5 billion and €6.5 billion (US$6 billion and US$7.7 billion). …
As the world staggers through another summer of extreme weather, experts are noticing something different: 2021’s onslaught is hitting harder and in places that have been spared global warming’s wrath in the past. Wealthy countries such as the United States, …
AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6 billion). Low pressure system “Bernd” parked itself over central Europe and brought about significant flooding from July 13 to 18, …
LONDON/BEIJING – A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive global supply chains towards breaking point, threatening the fragile flow of raw materials, …
With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany’s recent floods are likely to be significantly higher, which highlights a sizable insurance “protection gap.” This protection gap – or …
Deadly floods that have upended life in both China and Germany have sent a stark reminder that climate change is making weather more extreme across the globe. At least 25 people in the central Chinese province of Henan died on …
British insurer Aviva called on Wednesday for urgent action from policymakers, developers and insurers to protect homes and businesses from the impact of climate change, saying most were ill-prepared to handle extreme weather. It said more than 570,000 new homes …
The recent severe floods in Germany could add up to 5 percentage points to German non-life insurers’ net combined ratios (net claims and expenses to net premiums), according to Fitch Ratings. The insured losses are likely to be Germany’s highest …
