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GDV pegs German flooding insured loss at EUR4bn-EUR5bn

Stuttgart, Germany. 28th June, 2021. Drivers try to avoid the floods with their cars on Konrad-Adenauer-StraBe. A strong thunderstorm has swept across large parts of Baden-Wurttemberg, causing major damage. Credit: Andreas Rosar/dpa/Alamy Live News

The severe flooding that struck central Europe in the past ten days will cause between EUR4bn and EUR5bn ($5.9bn) in damage in Germany, according to the country’s insurance association, Gesamtverband der Deutschen Versicherungswirtschaft (GDV). 

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