Allianz predicts €135m flood claims

Allianz is expecting damage claims of €135 million in July from rainstorms that struck the United Kingdom, the German insurer…

Allianz is expecting damage claims of €135 million in July from rainstorms that struck the United Kingdom, the German insurer said today.

Allianz also detailed rainfall damage claims expected in Germany in its second-quarter report.

"Claims from July storms in Germany are expected to result in losses of approximately €55 million, net of reinsurance," Allianz said.