Germany counts cost of Storm Friederike

Damage caused by 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…

Please register or login to view the full post