Subscribe free to our newsletters via your
. 24/7 Space News .




SHAKE AND BLOW
Europe floods to cost insurers up to $4.5 billion: Swiss Re
by Staff Writers
Geneva (AFP) July 08, 2013


The devastating floods that hit central and Eastern Europe last month caused up to $4.5 billion (3.5 billion euros) in losses for the insurance industry, Swiss re-insurance group Swiss Re said Monday.

"The total losses for the insurance industry are estimated between $3.5 and $4.5 billion," the company said in a statement, adding that its portion of the bill would be around $300 million.

Swollen rivers caused deadly floods in the eastern part of Germany, the Czech Republic, Austria, Hungary and Slovakia in late May and June, killing at least 19 people, forcing thousands to evacuate and destroying property and crops.

The total insurance bill estimated by Swiss Re was lower than estimates by ratings agency Fitch, which last month cautioned the deluge could be more costly than the "worst-in-a-century" floods in 2002.

It forecast 12 billion euros in damage in Germany alone, of which up to three billion euros would be covered by insurance policies.

Swiss Re meanwhile welcomed the fact that local flood prevention measures had spared many regions from large losses, as in Prague, where mobile flood barriers saved most of the city from significant flooding.

.


Related Links
Bringing Order To A World Of Disasters
When the Earth Quakes
A world of storm and tempest






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








SHAKE AND BLOW
Lourdes closed, 200 evacuated after flash floods
Toulouse, France (AFP) June 18, 2013
French authorities Tuesday shut the grotto at Lourdes and evacuated about 200 people following flash floods at the Roman Catholic pilgrimage site. The preventive measure came a day after heavy rain and unseasonal snowfall in the area led to rivers flowing well above their normal levels, even cutting off some roads. "The Sanctuaries are closed," the local prefecture of the Haute-Garonne a ... read more


SHAKE AND BLOW
Scientist says Earth may once have been orbited by two moons

Dust hazard for Moon missions: scientists

NASA Seeks Information on Commercial Robotic Lunar Lander Capabilities

Orbiting astronaut controls robot on Earth, testing feasibility of CU-Boulder project on far side of the moon

SHAKE AND BLOW
NASA's next Mars rover will advance hunt for past life

Opportunity's Improbable Anniversary

Dry run for the 2020 Mars Mission

Opportunity Clocks Up 37 Kilometers Of Roving Mars

SHAKE AND BLOW
Space seeds could "benefit" traditional Chinese medicines

Kennedy Facilities Key to NASA's Transition

Voyager 1 Explores Final Frontier Of Our Solar Bubble

NASA's Voyager 1 approaches outer limit of solar system

SHAKE AND BLOW
China's space tracking ship Yuanwang-5 berths at Jakarta for replenishment

China plans to launch Tiangong-2 space lab around 2015

Twilight for Tiangong

China calls for international cooperation in manned space program

SHAKE AND BLOW
Russia to go ahead with space freighter launch

ISS technology to 'hear' potential leaks

Russian cosmonauts conduct space station tasks in spacewalk

Accelerating ISS Science With Upgraded Payload Operations Integration Center

SHAKE AND BLOW
Premature launch said likely cause of Russian rocket failure

Europe okays design for next-generation rocket

Kazakh PM orders to form govt commission to assess environmental impact from Proton crash

Analysis of telemetry data of crashed Proton rocket flight completed

SHAKE AND BLOW
Hubble Telescope reveals variation between hot extrasolar planet atmospheres

UCSB Astronomer Uncovers The Hidden Identity Of An Exoplanet

Gas-Giant Exoplanets Cling Close to Their Parent Stars

Astronomers Detect Three 'Super-Earths' in Nearby Star's Habitable Zone

SHAKE AND BLOW
Saarland University scientists reveal structure of a supercooled liquid

Laser and optical glass can store data for millions of years

Mainz laser system allows determination of atomic binding energy of the rarest element on earth

After millennia of mining, copper nowhere near 'peak'




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement