Germany - Storm Friederike insured loss at EUR 800m
Tuesday, 01 23 2018, Category: Nature, Country: Germany
Actuarial firm Meyerthole Siems Kohlruss (MSK) has estimated that last week’s European windstorm Friederike will cause an insurance and reinsurance industry-wide loss of around EUR 800 million in Germany alone, which could make Friederike one of the most expensive storms of this winter season.
Windstorm Friederike struck Ireland and the United Kingdom first on Wednesday with wind gusts reaching speeds of over 80 mph and damage reported. Storm Friederike then carried on across the north sea towards continental Europe where the impacts from the storm were seen as more severe, with the Netherlands and Germany appearing to take the brunt of the storm.