Swiss Re forecasts $240m hit from German hailstorms
Hailstorms in northern and southern Germany in July will generate a claims burden of approximately $240m (€177.6m) for Swiss Re, the firm said today.
Unusually strong hail storms throughout Germany in July of this year caused significant hail losses in the country. A first hail storm affected the areas around Hannover and Wolfsburg on 27 July.
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