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Aon expecting $10bn economic hit from recent European floods

July 23, 2021

The catastrophic floods seen recently across parts of Western and Central Europe are expected to drive preliminary economic losses of over $10 billion, according to a new Aon report.

Torrential rainfall caused by a slow-moving area of low pressure “Bernd” resulted in catastrophic flooding across parts of Western and Central Europe from July 12-18.

This prompted the major overflow of several small and large tributaries flowing into the northern and southern branches of the Rhine River.

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