Many houses and buildings were destroyed in the flood. The alliance now gives a number for the amount of damage. However, the insurance does not have to cover some of your risks.
The insurer Allianz expects a net burden of around 400 million euros due to the flood disaster in Europe in July.
According to the presentation of the second quarter figures published on Friday, the claims payments are likely to burden the operating result this year. The group had previously announced that it expected insured losses from its customers in Germany in the amount of more than 500 million euros. However, this did not take into account the fact that Allianz had passed on some of its risks to reinsurers.
The low “Bernd” left devastating destruction in Germany and several neighboring countries in July. The General Association of the German Insurance Industry (GDV) estimates the insured damage in this country at 4.5 to 5.5 billion euros.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
