June Central Europe SCS & flooding drive hundreds of millions in insured losses

17.06.2024 841 views

The recent severe convective storms and flooding that have affected multiple countries in Central Europe since June 6 are expected to result in economic and insured losses amounting to hundreds of millions of EUR, according to Aon’s weekly catastrophe report.

Aon highlighted a multi-hazard event occurring from June 7-9 in eastern Austria, where heavy rainfall triggered flash flooding, causing widespread damage.

In Deutschfeistritz, Styria, 100 mm of rain fell within a few hours, leading to a flash flooding event described as a 1-in-300-year occurrence. This event swept cars away and inundated dozens of homes. On June 8, various parts of Burgenland also experienced localised flash flooding.

The situation prompted a state of emergency in Styria’s Hartberg-Fürstenfeld County. From June 8-9, Styrian fire services responded over 980 times, with around 130 operations in Graz alone.

The region also experienced multiple hailstorms, including incidents of 6-cm (2.4-in) hail between Deutschlandsberg in Styria and Maribor in Slovenia on June 7, and again on June 9 between Vienna and Wiener Neustadt, as well as around Hartberg and Oberwart. During one of these storms, an aircraft en route to Vienna sustained damage from large hail shortly before landing.

Additional hail and wind-related damages were reported across several other countries. On June 9, a tornado in Narda, Hungary, damaged several houses. Eastern Slovenia, particularly around Maribor, also saw significant hail-related damages. Hailstorms affected parts of western and southern Slovakia as well.

The Balkan region also felt the impact, with damaging wind gusts and large hail up to 5 cm (2 in) in diameter reported in Romania. Severe thunderstorms accompanied by intense winds and hailstones as large as 7 cm (2.8 in) in diameter caused motor and crop damage in parts of Bulgaria.

Southern Germany, still recovering from recent floods, also experienced hail-related damages on June 8-9.

Aon concludes, “Aggregated economic and insured losses from the thunderstorm activity across multiple European countries are estimated to reach into the hundreds of millions of EUR. A particularly costly episode occurred in Eastern Austria on June 8-9, with hailstorms in Germany, Slovenia, Switzerland and elsewhere incurring additional losses.”

Source - https://www.reinsurancene.ws

27.10.2026

USA - Potato breeding research targets reduced handling damage and crop losses

Potato breeding research is examining how tuber characteristics influence damage during harvesting, storage, grading, and packing. The objective is to increase marketable yields while maintaining crop quality and meeting market specifications.

27.10.2026

India - Gujarat Drought Relief Triggers Farmer Backlash Over ₹8,500 Aid

Gujarat’s drought relief package has triggered opposition from farmer leaders in Dwarka, who say the proposed assistance of ₹8,500 per hectare is inadequate and have announced a possible agitation from November 12 if the government does not revise the eligibility and assistance norms.

27.10.2026

USA - Fall Covers for Spring Savings incentive program returns

The Illinois Department of Agriculture is launching the eighth year of its Fall Covers for Spring Savings Program.

27.10.2026

India-Ghana Agricultural Pact targets tomato production, crop research and post-harvest losses

Five-year ICAR–CSIR-CRI agreement puts vegetable research, tuber processing, cold-chain technology and commercialisation at the centre of India-Africa agricultural cooperation.

27.10.2026

India - Tandur Gram Crop Withers Amid Water and Power Shortages

Tandur gram received the Geographical Indication (GI) tag in December 2022, recognising its distinctive identity and quality. However, farmers who cultivate the crop are now struggling to save their produce amid unfavourable conditions.

27.10.2026

India - Odisha Issues Show-Cause Notice to 6 ADMs Over PMFBY Data Lapses

The Cooperation Department of Odisha has issued show-cause notices to the Additional District Magistrates (ADMs) and PMFBY Nodal Officers of six districts for severe negligence in uploading Crop Cutting Experiment (CCE) data under the Pradhan Mantri Fasal Bima Yojana (PMFBY).

26.10.2026

Malaysia studies expanding crop insurance to other agricultural sectors

The government is assessing steps to expand the crop insurance scheme as the agricultural sector faces increasingly significant risks from natural disasters and extreme weather. A comprehensive study is needed before the scheme can be extended beyond rice crops, including to examine how premiums should be paid and losses assessed.

26.10.2026

Crop losses from recurring droughts ‘shrinking Poland’s economy and impacting businesses’

A new report has found that lower crop yields significantly affect industries beyond agriculture, including trade and transport.