A year after the floods in Germany, a quarter of insurance claims still open

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BERLIN, July 6 (Reuters) – A year after devastating floods in two western German states, a quarter of insurance claims are still open and 40% of total damages of 8.5 billion euros ($8.7 billion) have yet to be paid. out, insurers announced on Wednesday.

“For the settlement of claims, we draw an overall positive balance, but now the settlement depends on the pace of reconstruction,” said Jörg Asmussen, managing director of the German Insurance Association (GDV).

In cases still open, policyholders had in many cases already received compensation for a large part of the damage, he said.

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About 170 people lost their lives in Germany in the floods that followed the severe storms in July 2021.

Insurers recorded a total of 213,000 claims, including 40,000 damaged cars and other vehicles, 91,000 damaged residential buildings and 28,000 businesses that reported property damage and business interruptions.

More than 2,000 single-family homes with insured losses of more than 100,000 euros had to be and partly still have to be repaired.

($1 = 0.9782 euros)

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Reporting by Klaus Lauer, writing by Kirsti Knolle, editing by Louise Heavens

Our standards: The Thomson Reuters Trust Principles.

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