Flood damages in Germany could multiply under climate change - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 29, 2016 Newswires
Share
Share
Post
Email

Flood damages in Germany could multiply under climate change

NewsRX Health & Science

By a News Reporter-Staff News Editor at VerticalNews Health & Science -- Flood-related losses can be expected to increase considerably in Germany as a result of climate change, a new study shows. Extreme events like the severe floods along the river Elbe have already illustrated the potentially devastating consequences of certain weather conditions such as severe rainfall events, when continuing intense rain can no longer be absorbed by the soil and water levels in the rivers rise. Without appropriate adaptation, flood-related damage of currently about 500 million euros a year could multiply in the future, the comprehensive expert analysis published in the journal Natural Hazards and Earth System Sciences highlights.

"Extreme events like the Elbe flood in June 2013 may be rare events, but they have major impacts on people and the environment and cause tremendous financial damage," lead author Fred Hattermann from the Potsdam Institute for Climate Impact Research (PIK) explains. The assessment of damage is therefore of importance for local communities but also for the insurance business. Based on an earlier study on behalf of the German Insurance Association (GDV), the researchers reviewed the extent of potential flood damages and reconfirmed their original results by means of a much broader set of climate model combinations and computer simulations. "Not only does our elaborated analyses illustrate once again how flood-related damage will increase in the future, the damages costs could be even higher than previously thought," Hattermann says.

"We examined in 35 different projections how the five largest river basins in Germany will be affected by climate change up until the end of this century. 5473 river sections of the Rhine, the Danube, the Elbe, the Weser and the Ems were considered," Hattermann explains. These changes in climate were transformed into changes in flood hazards and their damage potential. "It is remarkable how, despite the uncertainties that come with each scenario analysis, all new scenarios project an increase in damage. So it is all the more important to adapt to a changing climate - and there are quite a lot of possibilities to do so when it comes to floods," says co-author Olaf Burghoff, Head of Statistics (Property) and Natural Hazard Modelling of GDV.

"Research is never finished, but is an ongoing process. As scientists we continuously put our work to the test in order to achieve even more robust results," co-author Peter Hoffmann from PIK says. "Here the recheck turned out to be interesting in more ways than one, because the confirmation of our results also showed that the previous estimates were too conservative." To compute the potential damage, only private houses and small enterprises were considered, but no large firms or power plants which are usually located near rivers. In reality, total economic losses can be essentially higher.

Keywords for this news article include: Climate Change, Global Warming, Potsdam Institute for Climate Impact Research (PIK).

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2016, NewsRx LLC

Older

Us Alliance Corp. Files SEC Form SC 13G, Statement of Acquisition of Beneficial Ownership By Individuals (Jul. 14, 2016)

Newer

New Medicare and Medicaid Findings from Kaiser Permanente Described (Association of Reduced eGFR and Albuminuria with Serious Fall Injuries among…

Advisor News

  • What’s behind private equity investment in insurance brokerages
  • Advisors get a win as NJ Senate passes independent contractor bill
  • Why federal retirement benefits are more complex than advisors realize
  • Why timing the market is still a retirement mistake and what to do instead
  • Business owners may be overlooking a key part of their financial picture
More Advisor News

Annuity News

  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Fortitude Re Completes $500 Million FABN Issuance
  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
More Annuity News

Health/Employee Benefits News

  • JasonRhodesnamed to Shelbyville CityCouncil
  • Getting disability benefits got harder after the Social Security Administration changes
  • Capitol Beat: Scott's veto signatures piling up
  • Rising ACA premiums spur pivot to cheaper plans
  • California is getting ready to increase a health insurance tax. Will it affect your premium?
More Health/Employee Benefits News

Life Insurance News

  • OVER $107 MILLION IN LIFE INSURANCE BENEFITS LOCATED FOR TENNESSEANS IN 2025 THROUGH NAIC'S LIFE INSURANCE POLICY LOCATOR SERVICE
  • Maryland Heights man pleads guilty in murder-for-hire death of his mom
  • AM Best Affirms Credit Ratings of Everlake Life Group Members
  • Industry experts warn NAIC: Fix flawed IUL illustrations now
  • InsuranceAUM.com Celebrates a Historic 5th Annual Insurance Investment Executives’ Meeting in Chicago, Honoring Outstanding Industry Leaders and Spotlighting Next Event in Austin
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet