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International

Luxembourg insurers suffer nearly $150 million loss from floods

October 20, 2021 Reprints

The Luxembourg Insurance and Reinsurance Association has estimated €125 million ($147 million) in total insured loss from the July floods that damaged businesses, houses and vehicles, Commercial Risk reported. The flooding has been declared as the most expensive disaster on record for insurers in Luxembourg.

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Luxembourg insurers suffer nearly $150 million loss from floods

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