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

17.06.2024 464 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

29.12.2025

Cyprus in state of emergency as foot-and-mouth outbreak in occupied north threatens livestock sector

The Agriculture Ministry has entered a state of emergency mobilisation after reports of Foot and Mouth Disease cases in a cattle unit in occupied Lapathos in the Famagusta district. 

29.12.2025

India - Uttarakhand farmers receive Rs 65.12 Crore insurance; new initiatives announced at state-level farmers' day

A state-level Farmers' Day dedicated to farmers' welfare and economic upliftment was organised in Gauchar (Chamoli). On this occasion, Union Minister for Agriculture and Rural Development Shivraj Singh Chouhan and Uttarakhand Chief Minister Pushkar Singh Dhami transferred an insurance amount of Rs 65.12 crore to 88,000 farmers through DBT under the Weather-Based Crop Insurance Scheme, the release said.

29.12.2025

USA - Lawmakers launch groundbreaking initiative that could revolutionize agriculture

A new pilot program dedicated to agrivoltaics will soon take place on New Jersey farmland.

29.12.2025

Agricultural cooperatives emerging as climate champions in rural Ghana

In the Assin Central District of Ghana’s Central Region, cocoa farmers gather not just to discuss yields and prices, but to collectively chart survival strategies against a climate that no longer follows familiar patterns.

29.12.2025

USA - New Rule Targets Better Access to Crop Insurance

A final rule recently issued by the U.S. Department of Agriculture would update the nation’s crop insurance and risk management system, with a strong focus on improving access for farmers and ranchers.

29.12.2025

Nigeria - Kebbi secures $200m, N220bn investments in energy, agriculture

Kebbi State Government has attracted five landmark investments valued at over $200 million and N220 billion in renewable energy, electric mobility and agro-industrial development.

28.12.2025

Pakistan - Agriculture Department Accused of Misappropriating Farmers’ Funds in Panjgur

Panjgur farmers have raised serious allegations against the Agriculture Water Management Department for misappropriating funds intended for local farmers’ welfare. 

28.12.2025

Cuba - Prime Minister Highlights Performance of Urban Agriculture Over Three Decades

Cuban Prime Minister Manuel Marrero Cruz recognized the performance of urban agriculture in fostering a food and nutritional culture among the population.