German floods to cost insurers up to €3bn: Moody’s

Most properties in Baden-Württemberg will be covered for damage but only half in Bavaria

Sarah JollyJune 17, 2024
Flooding Saarburg in Saarland, Germany, flooded trees and paths
River Saar, Germany. Credit: Shutterstock/Berit Kessler

Moody’s said insured losses from recent floods in southern Germany are likely to cost between €2bn and €3bn.
The figure is roughly in line with early estimates from German insurance association GDV of €2bn in claims. Moody’s ...

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Sarah JollyJune 17, 2024
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