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European Flooding Costs Insurers $1.48 Billion

Insured losses from flooding this year in Central Europe is expected to amount to EURO EUR1.25 billion ($1.48 billion under current exchange rates), according ...

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Insured losses from flooding this year in Central Europe is expected to amount to EURO EUR1.25 billion ($1.48 billion under current exchange rates), according to a report by Guy Carpenter & Company Ltd.

“European Flood Report 2005–Central and Eastern Europe,” is a detailed summary and review of 2005 Central and Eastern European flood activity. The report examines resultant damage and insured losses across Switzerland, Germany, Austria, Romania and Bulgaria. It also looks at unrelated spring and summer flooding in Romania and Bulgaria.

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