Insurance companies brace themselves for weather-related damages

Insurance companies in the Czech Republic are expecting to pay hundreds of millions of crowns in damages related to the cold snap and heavy snow that the country has seen in the past four days. A spokesman for the country’s largest insurance company Česká Pojištovna told the daily newspaper Právo that since Friday, 150 claims related to ground freezes and snowfall had been filed. He added that the number of minor traffic accidents that are resolved without police assistance had tripled in the last few days.