The current flood and storm damage is among the largest natural disasters for the Wiener Städtische Versicherung since its foundation in 1824.
“The total extent of the damage cannot yet be precisely quantified based on past experience; we currently expect a figure of between 80 and 100 million euros,” Doris Wendler, director of the Wiener-Städtische, said in a press release on Wednesday.
In the four days of the storm, the damage was “as high as the average for a whole year,” Wendler said. Italy’s low “Anett” with heavy rain and showers has led to floods, floods and mudslides in recent days, causing destruction.
Lower Austria in particular is affected. But Vienna, parts of Upper Austria, Styria and Burgenland were also hit by the storms.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
