European floods News

Europe Braces for Heat Following Greek Fires and Swiss Floods

European capitals are bracing for heat wave conditions, following wildfires in Greece and flooding in Switzerland over the weekend. High pressure over southern Scandinavian will bring the highest temperatures this year to the UK, with London and parts of the …

Europe Is Being Scorched and Flooded by Growing Climate Extremes

The European Union endured its joint-hottest year on record in 2023, according to new scientific analysis, pointing to a more perilous future for what is already the world’s fastest-warming continent. Europe experienced its largest wildfire on record last year, as …

Insured Losses from Winter Storm Ciarán Range From €800M to €1.3B: Verisk

Industry insured losses due to wind from Winter Storm Ciarán (also named Emir by the Free University of Berlin) will range between €800 million and €1.3 billion ($855.2 million and $1.4 billion), with the majority of the losses expected in …

Storm Ciarán Batters UK and Europe With Punishing Winds and Heavy Rainfall

Storm Ciarán plowed through northwest Europe, tearing the roofs off some buildings, snarling transport networks and cutting power to more than a million people. The cyclone delivered punishing winds and heavy rainfall to an area spanning from the UK to …

Slovenia Estimates €7 Billion Price Tag for Reconstruction After Floods

Rebuilding from this month’s floods in Slovenia will cost €7 billion ($7.6 billion) over the next five years, Prime Minister Robert Golob said. The government is preparing new legislation to serve as a road map for reconstruction after the worst …

Slovenia Suffers Its Worst-Ever Floods; Damage Could Top €500M, Prime Minister Says

LJUBLJANA, Slovenia (AP) – Slovenia has faced the worst-ever natural disaster in its history, Prime Minister Robert Golob said Saturday, after devastating floods caused damage estimated at half a billion euros ($550 million). The floods were “the biggest natural disaster” …

Slovenia Hit by Worst Floods in More Than a Decade, Killing Several People

Several people were killed in Slovenia as the southern European nation was hit by some of the worst flooding in more the decade, with rapidly rising waters submerging towns in the country’s north. The Slovenian Environment Agency declared the highest …

Italy’s Insurance Protection Gap Exposes State Finances to Natural Disasters

Lamberto Mongardi, a farm owner in the northern Italian town of Lugo, was hit twice when torrential rain lashed the area last month: not only was much of his property washed away, but he also discovered his insurance cover excluded …

Catastrophe Data Company PERILS Expands Coverage to Include European Flood

PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has announced the expansion of its market coverage to include exposure and event loss data for European floods. The new service is in addition to PERILS’ windstorm coverage in …

Markets/Coverages: Aon Incorporates Climate Science Into European Flood Models

Insurance broker Aon has incorporate the latest climate science into its Impact Forecasting’s European flood models to help enable insurers to access more accurate loss estimates to help make better decisions for underwriting, reinsurance and regulatory requirements. The models are …