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International

Cresta hikes insured loss estimates for European floods by 15%

October 04, 2022 Reprints

Insurance industry organization Cresta has updated insured and reinsured loss estimate for the July 2021 European floods to $13.8 billion – a 15% increase over the previous estimate of $12 billion, Artemis reported. The increase in estimated losses reflects continued loss creep from the floods that caused the bulk of insured damages in Germany.

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Cresta hikes insured loss estimates for European floods by 15%

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