Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Storm Sabine caused insured damages of 675 million euros in Germany: GDV

Storm Sabine caused insured losses of 675 million euros ($731 million) in Germany this month, the GDV insurance association said on Tuesday, making it the 6th most costly storm in Europe's largest economy since 2002.

Storm Sabine, which was known as Ciara in Britain, last week disrupted air and rail transport in countries like Germany, the Netherlands and Britain.

The damages from the storm include 600 million euros being paid by insurance companies for 500,000 damaged homes, commercial and industrial properties, GDV added. It said an additional 75 million was being paid by auto insurers.

Total insured property losses from Sabine/Ciara could be between 1.1 billion and 1.8 billion euros, catastrophe risk modeling firm RMS estimated on Friday.

(Reporting by Thomas Seythal; Editing by Michelle Martin)

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.