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German floods cause insured losses of over .2 bln -MSK

German floods cause insured losses of over $1.2 bln -MSK

by admin
July 25, 2021
in Insurance
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Law enforcement officials and volunteers clear rubble in an space affected by floods attributable to heavy rainfalls in Dangerous Muenstereifel, Germany, July 18, 2021. REUTERS/Thilo Schmuelgen

FRANKFURT, July 20 (Reuters) – The document floods which have devastated components of Germany and killed at the least 170 within the nation are estimated to have precipitated greater than 1 billion euros ($1.2 billion) in insured losses, actuary firm MSK mentioned on Tuesday.

The floods, which began final week Wednesday, turned roads into rivers, swept away automobiles and buried swathes of land beneath thick in a number of areas in Germany, most notably the states of Rhineland-Palatinate and North Rhine-Westphalia.

On Tuesday, the demise toll climbed to 170.

($1 = 0.8488 euros)

(Adjustments reporting credit score)

Reporting by Alexander Huebner; Writing by Christoph Steitz
Enhancing by Marguerita Choy

Our Requirements: The Thomson Reuters Belief Rules.



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Tags: blnfloodsGermaninsuredlossesMSK

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