Insured losses from flooding this year in Central Europe isexpected to amount to EURO EUR1.25 billion ($1.48 billion undercurrent exchange rates), according to a report by Guy Carpenter& Company Ltd.
"European Flood Report 2005--Central and Eastern Europe," is adetailed summary and review of 2005 Central and Eastern Europeanflood activity. The report examines resultant damage and insuredlosses across Switzerland, Germany, Austria, Romania and Bulgaria.It also looks at unrelated spring and summer flooding in Romaniaand Bulgaria.
According to Guy Carpenter--a member company of Marsh &McLennan Companies in New York--various reinsurers expect to payout between EUR15 million ($17.8 million) and EUR65 million ($77million) in insured losses across flood-affected areas in Centraland Eastern Europe, with Switzerland suffering the greatestlosses.
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