Germany flood damage Archives - Carrier Management

Germany’s Floods Reveal ‘Sizable’ Protection Gap; Higher Insurance Demand Could Follow

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 ...

Germany’s Severe Floods Will Hurt, but Insurer Earnings Should Not See Major Impact: Fitch Ratings

The 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 ...

Flood Onslaught In Germany Could Break Records; Insurers Expect Costly Hit

Chancellor Angela Merkel pledged swift help backed by "all the power of the state" for people affected by devastating flooding in western Germany, where at least 42 people have died and dozens are ...

AIR Worldwide: Unusual Circumstances Behind Floods in France, Germany, Belgium

Officials have only begun to tally economic and insured losses after widespread flooding hit much of France, Germany and parts of Belgium. But catastrophe-modeling firm AIR Worldwide said the ...

Floods Could Slow German Economy; Fitch Estimates Damage at 12B Euros

Floods that have devastated parts of southern and eastern Germany could briefly impede growth in Europe's biggest economy, an industry body said, while ratings agency Fitch said the economic cost ...