HVRRY Hannover Rueckversicherung SE (PK)

German insurance association GDV said Tuesday insured damages from Germany's floods this year were slightly higher than in the 2002 flood of the Elbe River.

MAIN FACTS:

-GDV said insured damages this year amounted to 2 billion euro ($2.6 billion), above the EUR1.8 billion in damages incurred in 2002.

-The number of claims was also higher, at 180,000 this year, versus 150,000 claims in 2002.

-The amount of individual damage claims was a bit lower than in 2002, since many people were better prepared for the floods, GDV added.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 

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