Hailstorms cause billions in damage – view

This is what actuary Onnen Siems, managing director of the consulting company Meyerthole Siems Kohlruss (MSK) said on Thursday in Cologne: “More than half of the damage occurred in Germany, mainly in the auto insurance division.” The low “Xero” caused hail damage mainly in Switzerland, while in southern Germany there were floods. Siems estimates the damage from this at half a billion euros.

Last Monday alone, the hailstorms caused damage of at least 260 million francs in Switzerland, according to figures from the insurance companies Axa, Allianz Suisse, Mobiliar and Schweizer Hagel as well as several building insurance companies. Last week, insurance companies had already reported losses of over 260 million francs after recurring storms.