Insured losses from western German floods may total 4-5 bln euros - trade body
BERLIN, July 21 (Reuters) - Insured losses from floods in western Germany last week may total 4 billion to 5 billion euros ($4.7-5.9 billion), insurance industry association GDV said on Wednesday.
It said the floods in the states of North Rhine-Westphalia and Rhineland-Palatinate are likely to exceed the 4.65 billion euros of damage recorded following a deluge in August 2002.
The estimate does not include losses from floods in the southern German state of Bavaria and in Saxony in the east last weekend, the association said. ($1 = 0.8496 euros) (Reporting by Maria Sheahan Editing by Madeline Chambers)
