Overview

• The June 2024 floods in Bavaria and Baden-Württemberg caused fatalities and €4.1 billion in damages, with €2 billion in insured losses reported by the German Insurance Association (GDV).
• The Bavarian government has distributed over €60 million in aid as part of a €200 million relief program aimed at supporting uninsured victims and businesses.
• Bavaria has invested €4 billion in flood protection since 2001, with plans for additional billion-euro projects through 2030 to mitigate future risks.
• Only about half of German buildings are insured against elemental damage, prompting insurers to advocate for mandatory insurance and restrictions on construction in flood-prone zones.
• Experts warn that climate change will increase the frequency and severity of extreme weather events, underscoring the need for improved resilience and risk-reduction measures.