German insurers may face highest claims from natural disasters since 2013
Reuters
Published Jul 15, 2021 06:58AM ET
SEEON-SEEBRUCK, Germany (Reuters) - Germany's insurance industry may face the highest claims from storms, floods, heavy rain and hail since 2013 this year, the head of industry association GDV said on Thursday.
Early estimates of damage from rain and floods that have left at least 19 dead in Germany should be available next week, he said.
Eight years ago, property and casualty as well as auto insurers recorded 9.3 billion euros ($11.0 billion) in claims from natural catastrophe damage in Germany. The second most expensive year since then was 2017, with just over 3 billion euros of claims.
($1 = 0.8458 euros)
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Written By: Reuters
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