X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
A boy crosses the flooded market place of the city of Wehlen at the river Elbe in Germany on June 4. (AP Photo/Markus Schreiber)

Catastrophe modeler Eqecat says floods in Central Europe are the most damaging since 2002, when insured losses nearly reached US$3.9 billion.

The firm says no catastrophe bonds are yet exposed to the worst widespread flooding the region has seen in more than 70 years–affecting major cities in Germany, Austria, the Czech Republic, Switzerland, Hungary, Slovakia and Poland.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.