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International

Recent Luxembourg floods to cost insurers up to $11 million: Association

August 01, 2016 Reprints

Luxembourg's insurance association said that recent flooding in the country is likely to cost insurers up to €10 million ($11 million), Luxemburger Wort reported.

A state of emergency was declared in the nation following heavy rains on July 22.

The Luxembourg government has earmarked €30 million to support disaster victims.

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Recent Luxembourg floods to cost insurers up to $11 million: Association

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