image credit: Pxhere

Ongoing European flood event to drive industry losses in the billions

July 16, 2021

Severe flooding across a number of countries in Europe looks set to become one of the most expensive flood episodes on record, with the insurance and reinsurance industry expecting billion Euro industry losses.

So far flooding has most severely impacted parts of Germany, Belgium, the Netherlands and also Switzerland is under threat, but with more heavy rainfall forecast for the region today and river and lake levels still rising, further damaging impacts are anticipated.

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