It said the floods in the states of North Rhine-Westphalia and Rhineland-Palatinate are likely to exceed the 4.65 billion euros of damage recorded following a deluge in August 2002.
The estimate does not include losses from floods in the southern German state of Bavaria and in Saxony in the east last weekend, the association said.
($1 = 0.8496 euros)
Source: Economy - investing.com
