Monday, April 20, 2015

Windstorm Niklas to cost German insurers 750 million euros

Reuters: German insurers are likely to face damage claims of around 750 million euros ($808 million) from windstorm "Niklas", which struck the country on March 31, insurance trade body GDV said on Monday.

That would make Niklas, which entailed wind speeds of up to 192 kilometers (119 miles) per hour, one of the five most costly storms to hit the country in the last 15 years, the GDV said of its estimate, which is preliminary.

Germany's third-largest insurer Talanx on Monday said it had penciled in a cost in the low double-digit million euro range from the storm and said this did not include claims faced by its subsidiary, reinsurer Hannover Re....

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