German floods cause more than $1.2 billion in insured losses-MSK Reuters

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© Reuters. File photo: Police and volunteers clean up rubble in an area affected by heavy rain in Bad Munsterleifel, Germany, on July 18, 2021. REUTERS/Thilo Schmuelgen

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FRANKFURT (Reuters)-The actuarial firm MSK said on Tuesday that record floods have destroyed parts of Germany and killed at least 170 people in the country. It is estimated to have caused insured losses of more than 1 billion euros ($1.2 billion).

The floods that began on Wednesday last week turned roads into rivers, washed away vehicles, and buried thick land in several areas of Germany, the most famous of which are Rhineland-Palatinate and North Rhine-Westphalia Lunzhou.

On Tuesday, the death toll climbed to 170.

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