Czech Insurance Association expects flood damage claims to top 1.0 billion crowns

The Czech Insurance Association said on Thursday that companies have already fielded around 4,000 demands for flood damages adding up to around 500 million crowns, around 24 million US dollars. A spokeswoman for the association told Czech Radio that demands were expected to reach around 10,000 with claims amounting to around 1.0 billion crowns. This compares with the around 34 billion crown insurance bill for damages during the 2002 floods which mainly hit Bohemia and the capital, Prague.