Insured losses from western German floods may total 4-5 billion euros

© Reuters. A police car is seen on a makeshift bridge made by members of the Bundeswehr, close to the destroyed bridge, following heavy rainfalls alongside the close by Ahr river, in Insul, Rhineland-Palatinate state, Germany, July 21, 2021. REUTERS/Christian Mang

BERLIN (Reuters) – Insured losses from floods in western Germany final week might complete 4 billion to five billion euros ($4.7-5.9 billion), insurance coverage business affiliation GDV mentioned on Wednesday. It mentioned the floods within the states of North Rhine-Westphalia and Rhineland-Palatinate are more likely to exceed the 4.65 billion euros of injury recorded following a deluge in August 2002.
The estimate doesn’t embrace losses from floods within the southern German state of Bavaria and in Saxony within the east final weekend, the affiliation mentioned. ($1 = 0.8496 euros)
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