Germany - Damage caused by “Sabine” estimated at 600m Euros

Blown trees, road closures and power cuts: According to expert estimates, German insurers are responsible for more than half a billion euros for the consequences of the hurricane depression “Sabine”. After all, no comparison with the devastating hurricane “Kyrill”, which made Europe unsafe in 2007.

The actuaries of the Cologne-based consulting company Meyerthole Siems Kohlruss (MSK) estimated the insured damage from hurricane depression “Sabine” on Tuesday to around 600 million euros.

The winter storm swept across Germany on Sunday and Monday at wind speeds of more than 100 kilometers per hour. 500,000 damage to buildings alone can be expected, explained MSK actuary Onnen Siems.

However, it cannot be compared with the hurricane “Kyrill” from 2007, which had cost the industry around three billion euros according to today’s values. “Sabine” will be a medium-sized event for insurers, as happens every three to four years. The storm season is not over for this winter.

The cold front of hurricane deep “Sabine” has already left Germany, but the weather remains stormy. In the south of the Federal Republic, the police stations reported a large number of fallen trees even at night. In the Freiburg region and in the Upper Black Forest, emergency services went on numerous missions, many roads were still closed in the early morning. In southern Bavaria, trees and power cuts lying on the streets kept the emergency services busy.


Source: mbs