Catastrophe risk modeling firm AIR Worldwide announced it has released an expanded inland flood model for Central Europe to include the country of Poland in its model domain. AIR also announced that it has updated the storm surge component of …
Vienna Insurance Group AG, Austria’s biggest insurer, reported second-quarter profit plunged after the worst central European floods in a decade caused damage compensation to triple. The shares fell. Pretax profit for the period ending June 30 dropped 69 percent to …
Catastrophe modeling firm AIR Worldwide estimates that insured losses in Germany from the recent floods in Central Europe are between €4.0 billion [$5.28 billion] and €5.8 billion [$7.66 billion]. The overall economic impact is expected to be much higher. While …
Hungary was set to contain the Danube river from overflowing in Budapest while the economic toll grew in eastern Germany, where thousands of people have been forced to evacuate along the Elbe River. Hungarian authorities are “in control” of the …
PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced the release of satellite-based flood footprints for the ongoing floods in Central Europe, concentrated on Germany, Austria and the Czech Republic. PERILS said the images “will update …
The losses insurers face from the worst flooding in central Europe since 2002 may be lower than those resulting from the deluge 11 years ago even as the toll on local economies looms larger. Insured losses may reach 2 billion …
Firefighters, soldiers and volunteers in eastern Germany toiled through the night to defend against floods that have submerged towns, villages and farmlands for the second time in 11 years. Crews in Dresden, home to the 18th century Frauenkirche that was …
As the people of Prague started to clean up after three days of flooding, residents in the eastern German cities of Dresden, Halle and Meissen were bolstering their defenses against the torrents of water still surging from the Vltava, Mulde …
Catastrophe modeling firm AIR Worldwide has released a report on the current heavy rains and floods that have inundated large parts of Central Europe during the past several weeks, causing “some of the worst floods seen in the area in …
