Insurance companies increase flood damage estimates

Insurance companies operating in the Czech Republic have increased flood damage estimates to 30.7 billion crowns. The number of claims has been reduced from 132,000 to 104,000, as registered by the Czech Insurers' Association. The overall damage caused by the floods across the Czech Republic is estimated at 90-100 billion crowns. Insurance companies expect to cover up to 1/3 of the damage. So far, insurers have paid their flood-stricken clients around 2 billion crowns, mostly in advance payments.