Economic Losses From Bad Weather in Europe in June Will Cost $ 2 billion

Society » ENVIRONMENT | July 22, 2019, Monday // 08:13
Bulgaria: Economic Losses From Bad Weather in Europe in June Will Cost $ 2 billion

Meteorological anomalies and related consequences from European countries in June this year have caused economic damages totaling $ 2 billion, according to data from the international leading company in risk management and consulting in the field of insurance and reinsurance Aon, quoted by Econ.bg

The insured losses represent the greater part of the amount stated. Insured losses from heavy hailstorms and torrential rains from June 10-12 are estimated at $ 830 million, and bad weather damage on June 15-16 at $ 560 million. We recall that in this period   areas in Western and Central Europe, especially southwest France, Canton Geneva in Switzerland, as well as Germany, the Czech Republic and Austria had extremely bad weather conditions.

"At the beginning of summer, many large-scale weather phenomena occurred in the Northern Hemisphere - heavy storms, floods, extreme heat and drought," Aon commented. As a result of the events in Germany (hailstorms and storms), insured losses amount to $730 million. 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Environment » Be a reporter: Write and send your article
Tags: europe, weather, hailstorm, storm, bad weather, economy

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria