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Berenberg sees $2-3 billion reinsurance losses from European floods, overall losses higher
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Berenberg sees $2-3 bln reinsurance losses from European floods, overall losses higher
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EXPLAINED: With Over 180 People Dead, How Floods Hit Germany, Belgium With Such Fury News18 8 hours ago News Desk © Provided by News18 EXPLAINED: With Over 180 People Dead, How Floods Hit Germany, Belgium With Such Fury
From the frying pan into a deluge, that can be an apt description for the turn the weather situation has taken in Europe in the course of about a month. After record highs clocked by the mercury some weeks back, European countries are now grappling with floods that have left scores of people dead. Here’s all you need to know.
What Caused The Floods?
More than 180 people in Germany and Belgium have been killed and hundreds others are missing following heavy rainfall over the last few days that caused rivers to breach their banks and saw sewage systems struggle to cope with excess rainfall. Germany accounted for the majority of the deaths, with a toll of over 150 while Belgium listed close to 30 dead with many still missing.
Why have the floods in Europe been so deadly?
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Why Have The Floods In Europe Been So Deadly?
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