Severe Winter Storms Caused Most Damage in Europe in 1H, Munich Re Data Shows
Dow Jones07-30
0600 GMT - Severe winter storms have caused extensive damage in Europe, Munich Re data for the first half of the year shows. In January, storm Kristin swept across the Iberian Peninsula with wind speeds of up to 170 km/h and heavy rainfall, causing damage totaling around $7.7 billion, of which $1.8 billion was insured, data from the German reinsurer shows. From all the natural disasters in Europe during the first half of the year, the nine winter storms alone accounted for about 80% of total losses and 70% of insured losses, the data shows.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments