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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 2013".
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 and bridges.
The Danube catchment, on the other hand, was much more...
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