German insurers call for state action on flood prevention

Insurance prices could double over next few years

Adrian LadburyJanuary 15, 2024
Extreme weather: Warning sign in German at the entrance to a flooded pedestrian zone in Cologne, Germany
Flooding in Cologne. Credit: Shuttestock/Lensw0rId

Germany is still planning, building and renovating as if climate change is not happening, with flood risk rising fast as a result, and mandatory insurance is not the answer, according to the German insurance association (GDV)...

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Adrian LadburyJanuary 15, 2024
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