Storms in Germany lead to $2.08bn in 2016 damage: GDV

Heavy weather in Germany led to EUR2bn ($2.08bn) in insured
property losses this year, according to the German Insurance
Association, saying the figure excludes auto claims.
Almost half of the damage, EUR800mn, was attributed to two spring
storms, Elvira and Friederike, the association said today in a
statement.
Still, the total for 2016 was about 20 percent lower than the
EUR2.4bn average for catastrophe damage in recent years, according
to the group, also known as GDV. It cited flooding as...