Water was June's primary element of destruction, causing a combined $27 billion in economic losses in Central Europe, Canada, and India, shows Aon Benfield's monthly global catastrophe recap.
Heavy rain from late May to early June in Germany, Austria, Slovakia, Hungary and the Czech Republic, combined with oversaturated soil from previous flooding and melting snow, caused five rivers to overflow. Insured losses are expected to reach $5.3 billion, with the bulk of the damage concentrated in Germany.
Flooding in Canada's Alberta Province killed four people and prompted 75,000 evacuations. The Bow and Elbow Rivers became inundated and flooded downtown Calgary. The overall preliminary insured loss estimate is nearly $1 billion, but the economic losses of $3.8 billion made the June 19 to 24 rainfall one of the costliest in Canadian history.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
