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AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6 billion). Low pressure system "Bernd" parked itself ...
Hannover Re, the world's third- largest reinsurer, said it expects higher rates for insurance and reinsurance in Germany following this year's flooding and hailstorms, which led to the most costly ...
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 ...
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