Almost five months after the flood disaster on the Ahr and Erft, German insurers have said they have paid more than a third of the insured damage so far. “Over three billion euros have already been paid out to our customers to repair the damage to household items, residential buildings, businesses and vehicles,” said Jörg Asmussen, the general manager of the German Insurance Association (GDV). The GDV currently expects to have to replace total damage of 8.2 billion euros. The material damage thus significantly exceeded that of the August floods in 2002 and storm Kyrill in 2007. More than 180 people died in the natural disaster.
North Rhine-Westphalia accounted for over 1.7 billion euros.