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

17.06.2024 608 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

27.05.2026

Polish apple crop may decline 50% after April frosts

Sources in Poland's apple juice sector expect lower apple production in the 2026/27 season following late-April frosts in the country's main growing regions.

27.05.2026

Climate shocks drive demand for crop, livestock insurance among Kenyan farmers

As droughts and erratic weather disrupt farming seasons, more Kenyan farmers are turning to crop and livestock insurance to cushion themselves against losses.

27.05.2026

South Korea - South Gyeongsang Recognizes Garlic Crop Damage as Agricultural Disaster

South Gyeongsang Province has launched a detailed damage survey and disaster relief payment process after secondary garlic growth damage, known as "beolmaneul," caused by abnormal spring weather was officially recognized as a statutory agricultural disaster.

27.05.2026

Spain - Unións Agrarias urges the Xunta to act on the damage caused by wild boars to corn

Unións Agrarias (UU.AA.) has called for immediate intervention from the Xunta in response to the damage caused by wild boar to corn crops on "numerous farms" in the province of A Coruña.

27.05.2026

USA - APHIS announces funding to support chronic wasting disease control and prevention

The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service will provide approximately $12 million to support efforts by states and Tribal governments, research institutions, and universities to control and prevent chronic wasting disease (CWD) in wild and farmed cervids (e.g., deer, elk).

27.05.2026

USA - Maryland wineries could face $2.4 million loss after grape crops wiped out by April freeze

Maryland wineries could face $2.4 million in losses after some grapes and other crops were destroyed by an April freeze, according to the Maryland Wineries Association (MWA). 

26.05.2026

“Timac Agro Ukraine” launches crop insurance against drought

Timac Agro Ukraine, in collaboration with the insurance company PZU, has launched a crop insurance program against drought for farmers in five regions of Ukraine. 

26.05.2026

Hansen announces "dialogue with the EIB on new agricultural insurance models"

Integrated European framework for climate resilience 'is on the way'.