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Flood defences save Hamburg €17.5bn

13 February 2012

Munich Re estimates that investments into flood defences have had a net positive effect of roughly €15bn over the last fifty years.

Read more: Hamburg Germany Europe Flooding Munich Re

Defences erected to mitigate floods in the city of Hamburg have saved €17.5bn, according to a study conducted by Munich Re.

The reinsurer conducted the analysis to mark the 50 year anniversary of severe floods in which storms drove the waters of the river...


  

   
February 2016 
In this month's Reactions
 January renewals
 Bermuda special report
 Cyber physical damage
 US & UK winter weather


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