Fitch: South German flood claims could hit EUR1bn

Total insured losses from the recent flooding in Germany could
reach EUR1bn ($1.1bn), according to estimates from Fitch Ratings.
Insurers with high market shares in the homeowners' and
motor sectors are likely to see the biggest impact, the rating
agency said. These include public sector insurers, especially
Versicherungskammer Bayern and SV SparkassenVersicherung, which are
active in the most affected regions.
Several days of heavy rainstorms in late May and early June led
to major riverine and