Where obligatory insurance coverage in opposition to pure hazards reaches its limits | EUROtoday

Get real time updates directly on you device, subscribe now.

For Cornelia Weigand, obligatory insurance coverage in opposition to pure hazards “makes a lot of sense. We also have health insurance, where the healthy pay in solidarity for the sick,” says the district administrator of the Ahrweiler district. When the low stress system Bernd moved throughout the west of the nation three years in the past, inflicting huge quantities of rain to overflow the rivers, one area was notably affected: the Ahr valley. In Rhineland-Palatinate alone, 136 individuals misplaced their lives within the catastrophe. The financial injury from the flood amounted to round 30 billion euros, nearly a 3rd of which was insured.

https://www.faz.net/aktuell/finanzen/wo-die-pflichtversicherung-gegen-elementarschaeden-an-ihre-grenzen-stoesst-19800187.html