Insurance companies estimate flood damages of 320 million Czech crowns

The Czech Insurance Association estimates that floods across Moravia will cause insured damages of up to 320 million Czech crowns. Insurance companies have described the increase in reported cases as growing explosively. The company Česká pojišťovna alone had 1500 cases amounting to damages of 40 million crowns reported by noon on Wednesday. Vehicles and family homes were most affected, but some larger damages of public transportation facilities and businesses have also occurred.