Germany counts cost of Storm Friederike

Storm Friederike is estimated to have cost the German insurance market €500m, according to initial estimates by the German Insurance Association (GDV).

Last Thursday’s storm saw wind speeds of up to 80mph and caused severe disruption and cancellations to Germany’s rail network. Eight people died in the storm, including two firefighters.

Actuarial firm Meyerthole Siems Kohlruss, estimated insured losses in Germany  would reach €800m, according to Deutsche Welle.

Deutsche Bahn suspended all its high-speed services for the first time since Storm Kyrill in 2007. Fallen trees and branches had to be cleared from the tracks before services could be restored on Friday and during the weekend.

According to reports in The Associated Press, Storm Friederike is the worst to affect Germany for 11 years.

The storm, known as Fionn in the UK and Georgina in France, caused another three deaths in Europe. In the Netherlands, the Dutch Association of Insurers said damage to cars and homes caused by storm Friederike will cost insurers an estimated €90m, although the figure excludes business interruption costs.

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