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Verisk Estimates Industry Insured Losses from Flooding in Southern Germany to Range from EUR 2.4 Billion to EUR 3.6 Billion (USD 2.6 Billion to USD 3.9 Billion)
Last verisk analytics, inc. earnings: 2/18 04:30 pm
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US:NASDAQ Investor Relations: investor.verisk.com/overview/default.aspx
BOSTON, June 19, 2024 (GLOBE NEWSWIRE) -- The Extreme Event Solutions business unit of Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses from flooding in Southern Germany from May 15 to June 5 will range from EUR 2.4 billion (USD 2.6 billion) to EUR 3.6 billion (USD 3.9 billion). Between Friday, May 31 at noon CET and Monday, June 3 at noon CET, 120 to 160 liters of rain fell per square meter across southern Germany, which is more than what usually falls in a month, according to Sebastian Altnau, a meteorologist with the German Weather Office. The main flooding occurred along parts of the upper Danube River, as well as several of the Danube's southern tributaries, with the worst impacts in Germany in Bavaria and Baden-Wu¨rttemberg. Flooding submerged streets, highways, homes, and businesses. A dam on the Paar River broke in two places in the Bavarian district of Pfaffenhofen an der Ilm, severely flooding surroundi
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