Insurers Face Multibillion-Dollar Hit From Europe Flooding

Law360, London (July 20, 2021, 4:33 PM BST) -- Insurers could face billions of dollars in claims from flooding in Germany and other parts of Europe, analysts predict, although losses for the industry losses are likely to be dwarfed by the wider economic toll.  

German investment bank Berenberg said on Monday that reinsurers could face a hit of $2 billion to $3 billion from the heaviest rainfall in a century, which created flooding that swept through Central and Western Europe last week.

More than 180 people have so far been confirmed dead in the disaster, which affected Germany, Switzerland, Belgium, Luxembourg and the Netherlands. Hundreds more remain missing....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!