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.