GDV pegs German flooding insured loss at EUR4bn-EUR5bn
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GDV pegs German flooding insured loss at EUR4bn-EUR5bn

Germany Floods.jpg

The severe flooding that struck central Europe in the past 10 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).