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German Floods Cause Up To 5 Billion Euros In Insured Losses: Association

German Floods Cause Up To 5 Billion Euros In Insured Losses: Association

Germany Floods: The flooding was Germany’s worst pure catastrophe in additional than half a century.

Berlin:

The injury brought on by devastating floods in Germany final week is more likely to value the insurance coverage business as much as 5 billion euros ($5.9 billion), the GDV insurance coverage business affiliation stated on Wednesday.

“We are currently expecting insured losses of four to five billion euros,” Joerg Asmussen, chief government of the GDV, stated in an announcement, calling the catastrophe “one of the most devastating storms in recent history”.

(This story has not been edited by India07 workers and is auto-generated from a syndicated feed.)


(THIS STORY HAS NOT BEEN EDITED BY INDIA07 TEAM AND IS AUTO-GENERATED FROM A SYNDICATED FEED.)

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