Highwater Damages for VIG Up to € 45 Million

Published: June 11, 2013; 19:50 · (Vindobona)

Austria’s biggest insurer estimates with net costs double the amount than in 2002.

Highwater Damages for VIG Up to € 45 Million / Picture: © Flickr

Austria’s biggest insurer Vienna Insurance Group (VIG) estimates the net costs caused by high water damages in the amount of € 40m. This is the damage sum, the enterprise has to raise after reinsurance, according to a spokesman. However, the maximum amount can not be estimated at this point since there were still floods due to heavy rain in some affected areas. The costs for the…

This article includes a total of 118 words.

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