SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Storm Boris deals a heavy blow to insurance companies

» Updated: 07 October 2024, 11:19

» Published: 21 September 2024

Storm Boris deals a heavy blow to insurance companies
Photo: Petr David Josek/AP/TT

Several European insurance companies are facing their largest losses in decades in connection with the European disaster weather last week.

The damages are estimated to have cost up to three billion euros, equivalent to 34 billion kronor, according to the reinsurance company Gallagher Re, and the scope continues to increase.

Large insurance companies such as Austrian VIG and UNIQA, Polish PZU, as well as global companies Generali and Allianz are all exposed to large costs.

Storm Boris struck with heavy persistent rain against Central Europe on 12-15 September and left large areas of land and properties under water. The water levels are still high and are expected to continue to rise.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Nvidia CEO: Don't Close the Borders
1 MIN READ

Nvidia CEO: Don't Close the Borders

Pilot Strike – Finnair Cancels 300 Flights
1 MIN READ

Pilot Strike – Finnair Cancels 300 Flights

Billion-dollar amounts at stake in Northvolt's crisis
2 MIN READ

Billion-dollar amounts at stake in Northvolt's crisis

German industry leader warns of new energy crisis
1 MIN READ

German industry leader warns of new energy crisis

The new ISK tax is decided
3 MIN READ

The new ISK tax is decided

Amazon doubles investment in AI company
1 MIN READ

Amazon doubles investment in AI company

Trump nominates billionaire to finance minister
3 MIN READ

Trump nominates billionaire to finance minister

Cheerful on Wall Street – bitcoin nears dream limit
2 MIN READ

Cheerful on Wall Street – bitcoin nears dream limit

Northvolt to Apply for Swedish Reconstruction as Well
2 MIN READ

Northvolt to Apply for Swedish Reconstruction as Well

Billion Fines for Unreasonable Fees on Air Travel
1 MIN READ

Billion Fines for Unreasonable Fees on Air Travel

Bosch reduces workforce by 5,500
1 MIN READ

Bosch reduces workforce by 5,500

Northvolt's CEO sold shares for hundreds of millions
1 MIN READ

Northvolt's CEO sold shares for hundreds of millions

Clothing Chain Rises on the Stock Exchange After Sales Forecast
1 MIN READ

Clothing Chain Rises on the Stock Exchange After Sales Forecast

Seven disputed taxes that can save the planet
3 MIN READ

Seven disputed taxes that can save the planet

Visa facilitation to boost China's tourism
1 MIN READ

Visa facilitation to boost China's tourism

The Stockholm Stock Exchange closed the week on a bright note
2 MIN READ

The Stockholm Stock Exchange closed the week on a bright note

Japanese households receive part of billion package
1 MIN READ

Japanese households receive part of billion package

Airline Launches Thailand Route from Arlanda
1 MIN READ

Airline Launches Thailand Route from Arlanda

Slight increase in apartment building
1 MIN READ

Slight increase in apartment building

Northvolt's CEO is leaving: Should have slammed on the brakes
3 MIN READ

Northvolt's CEO is leaving: Should have slammed on the brakes