Bernd pushes German cat losses to record EUR12.5bn in 2021

30 December 2021

The 2021 calendar year will be Germany’s most expensive since records began in 1970 for natural catastrophe losses, with over EUR12.5bn ($14.2bn) of insured damage created across the country, according to the German Insurance Association (GDV).

The losses stem largely from Storm Bernd, which caused devastating damage in July, as well as a hailstorm in early summer.

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