German Cabinet approves some $472 million in first flood aid
Finance Minister
“We will do what is necessary to help everyone as quickly as possible," Scholz said.
At least 171 people were killed in
The deluges also destroyed or severely damaged homes. Authorities in
“It's necessary to send a message quickly that there is a future, that we are taking care of it together, that this is a matter for us as the whole country to help with,” he added.
Scholz said the government aid for rebuilding after the 2013 floods has totaled around
“There is nothing we need to delay,” he told reporters in
German
Interior Minister
He and Scholz indicated that people can expect reconstruction aid whether or not they were insured for “elementary damage” from events such as floods, which many in
Seehofer said there will have to be “a broad debate about safeguard systems” for the future given that natural disasters are likely to become more frequent and more destructive.
Scholz concurred, adding: “in terms of what's going on now, we have to help. I would argue against being cynical and being heartless. This is a big disaster, we have to help and that has to be the first priority, rather than any principles.”
The head of an organization representing German insurance companies said it expects insured damage to total 4 billion to
It will likely exceed the damage of


Sports Teams: The ‘Everlasting Tax Shelter’ For Billionaires
Mississippi Pharmacist Pleads Guilty To More Than $180M Health Care Fraud
Advisor News
- How can more Americans achieve financial independence?
- Savers vs. spenders: How money management attitudes impact financial confidence
- Demonstrating the value of life insurance to Gen Z
- Poor money habits are a dealbreaker in a new relationship
- DC plan sponsors see opportunity in alternatives
More Advisor NewsAnnuity News
- The next growth phase in life/annuities depends on modernization
- CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
- KBRA Assigns Rating to TruSpire Retirement Insurance Company
More Annuity NewsHealth/Employee Benefits News
- Findings from Yonsei University Advance Knowledge in Demography (Different Understandings of Scientific Research in the Use of De-identified Personal Sensitive Data: South Korea, in Comparative Perspectives): Science – Demography
- Data on Influenza Vaccines Discussed by Researchers at University of Lucerne (Keep Reminding Me To Get My Flu Shot): Immunization and Public Health – Influenza Vaccines
- Bobby Harrison: Rising insurance exchange costs bad for working poor
- New Managed Care Findings from Brown University Reported (Prior Authorization In Medicare Advantage: Beneficiary Exposure And Plan Disenrollment In 2021): Managed Care
- Findings on Managed Care Detailed by Researchers at Renal Research Institute (AI-Driven Interventions for Imminent Hospital Admissions in Patients with End-Stage Kidney Disease: A Medicare and EMR-Based Analysis): Managed Care
More Health/Employee Benefits NewsLife Insurance News
- Best’s Market Segment Report: AM Best Maintains Stable Outlook on South Korea’s Non-Life Insurance Market
- Horace Mann Strengthens Customer Relationships and Accelerates Long-Term Growth Through Transactions with Medical Mutual of Ohio
- Regulators: ‘No firm conclusions’ from first offshore reinsurance filings
- Allianz Life Study Finds Americans Struggle to Shift From Retirement Saving to Spending
- The next growth phase in life/annuities depends on modernization
More Life Insurance News