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

17.06.2024 842 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

29.10.2026

USA - Aon and SAGE launch precision crop insurance program

Aon and agricultural risk intelligence company SAGE have announced a crop insurance program with AgriCap, targeting corn and soybean growers in 15 states for the 2027 crop year.

29.10.2026

Canada - BC crop insurance programme ‘not fit for purpose’

Producers in British Columbia are struggling in the wake of “unprecedented” smoke taint in the Okanagan Valley due to a discrepancy in the government’s insurance initiative.

29.10.2026

India - Guv stresses zero casualties, crop protection

Governor Brajmohan Ram Wednesday stressed the need to ensure zero casualties and minimise crop damage amid Cyclone Arnab.

29.10.2026

China - Regulation to ease herders' financial woes

Claims process in Xizang streamlined, payouts for damage by wildlife rise 10%.

29.10.2026

USA - Congress Faces Major Shake-Up as Agriculture Leaders Prepare to Leave Washington

At least 14 agriculture committee members are leaving Congress, raising concerns over the farm bill, USDA funding and the future of U.S. farm policy.

29.10.2026

Kyrgyzstan to modernise irrigation infrastructure under $146 million investment program

Kyrgyzstan has approved a draft financing agreement for the second phase of its National Irrigation Investment Programme, with funding from international development institutions and Switzerland supporting the modernisation of irrigation and drainage infrastructure.

28.10.2026

South Korea - NH Property and Casualty Insurance Expands Crop Insurance to 78 Items

Enhancing climate-responsive policies, accident prevention campaigns, and tailored insurance for farmers.

28.10.2026

Spain - The Generalitat expands to 32 million the aid for agricultural insurance in 2026

The Generalitat increases agricultural insurance aid to 32 million in 2026 and prepares a second call for uncovered policies.