Financial expert reveals: Offenbach district worst affected by storms

Financial expert reveals: Offenbach district worst affected by storms

According to a report by www.stern.de, the Offenbach district has been hit hardest by storms in Hesse in the last 20 years. Storms, hail, floods and heavy rain caused average damage of around 3,400 euros per building. This long-term balance sheet from the General Association of the German Insurance Industry (GDV) in Berlin underlines the serious effects of extreme weather events in this region.

The increase and intensification of such storms not only has a devastating impact on the affected communities, but also on the insurance industry and consumers. The rising cost of claims can lead to higher insurance premiums as insurance companies are forced to offset the increasing risks. This in turn puts a strain on consumers, especially those living in particularly vulnerable areas.

Additionally, rising damage costs could also lead to changes in construction practices and standards to better prepare for future storms. In the long term, this could lead to higher construction costs and restrictions on real estate development in vulnerable areas.

In addition, rising damage costs are also expected to increase pressure on governments and authorities to invest more in prevention measures and infrastructure to minimize the impact of severe weather events.

It is therefore crucial that all relevant stakeholders, including governments, insurance companies, the construction industry and consumers, work together to find solutions that minimize the impact of extreme weather events in hard-hit regions such as the Offenbach district. This requires careful analysis of risks, investment in preventive measures and continuous adaptation to changing weather conditions.