Insured losses from storm BERND top €1bn in Germany

The devastating flooding in Germany caused by the low-pressure weather system known as BERND on 13-18 July, triggered more than €1bn in losses and is a three- to five-year recurring event, according to Cologne-based actuarial consultancy Meyerthole Siems Kohlruss (MSK).

German insurers paid out mor...

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