Insurers to take small percentage of billion-euro Italian flooding: Aon
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Insurers to take small percentage of billion-euro Italian flooding: Aon

flooded road generic.png

Economic costs from recent flooding in Italy and Central Europe are expected to reach into the billions of euros, but a significant protection gap for flood coverage means insurance losses are likely to be a smaller percentage of the total costs, according to Aon.

The broker said that damage assessment from the flooding between 14-17 May was ongoing, but the extensive level of flooding indicated that economic losses will be in the billions of euros.

Torrential

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Gift this article