Floods seen leading to $4 billion insurance claims in Germany; Danube flood heads for Serbia

  • Updated: June 11, 2013 - 11:31 AM

BERLIN — Damage from the past week's flooding in Germany likely will lead to insurance claims of up to 3 billion euros ($4 billion), a credit rating agency said Tuesday as flood levels on the Elbe river in the country's north appeared to stabilize.

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