Report: Flood Damage in Europe Quadruples As Extreme Events Intensify

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Editorial Medioambiente, 9 Jul (EFE).- The total economic losses due to floods in Europe have steadily increased to €226 billion in the first quarter of the century, according to the data of an insurance company Allianz and its branch of investments, which are committed to climate adaptation. According to the insurance company’s study, the losses due to floods in the first decade of the century (2000-2009) reached €63.1 billion; in the second (2…

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Here you will find information on the topic "Insurances". Read now "Highwaters lead to greater economic damage".

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Allianz Trade has investigated the consequences of floods in Europe. Credit insurer advises to invest in flood protection.

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AGI - Floods represent today the most frequent and most expensive natural risk for Europe, while Italy guides the ranking by number of events, and is second only to Germany for economic losses. According to the new study by Allianz Research "Europe under water: The macroeconomic cost of floating and the economic case for adaptation," the economic losses generated by floods in the continent have reached a total of 226 billion euros from 2000 to t…

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Investments in flood protection should be greater, Allianz Trade suggests - with an estimate that every euro invested could prevent around four euros of damage.