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Floods dominated 2013 nat cat losses
01 April 2014
Protective measures can drastically reduce flood losses with mitigation measures cutting German flood losses from €17bn in 2002 to €11.7bn in 2013, Munich Re reported.
Flood-related losses made up 37% of the world’s
overall natural catastrophe losses last year, a leap up from
the 22% average for the period since 1980.
The floods that submerged Germany and central Europe in June
2013 caused overall losses of €11.7bn and insured losses
of €2.4bn, which was the year's costliest natural
catastrophe anywhere in the world.
The Elbe floods of 2002, however, caused losses totalling
€17bn is said in Munich Re’s latest
publication "Topics GEO – Natural catastrophes
The lower claims bill in 2013 is partly because of to the type
of rainfall involved, said Munich Re.
The rainfall’s lower intensity in the Elbe
catchment area in 2013 triggered fewer flash floods and
consequently caused less damage to infrastructure such as roads
The Danube catchment, on the other hand, was much more...
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