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European floods largest industry cat loss of 2021 to date at $11bn: Cresta

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
Photo: Alamy

Extreme flooding in Western Europe in mid-July has generated the largest industry loss figure so far in 2021, at an estimated $11bn, according to Cresta’s Q3 Clix industry loss index.

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