Flood damage claims now reach CZK 19.3 billion

The flood damage estimate in Czechia, based on insured property claims, has now reached CZK 19.3 billion, the CTK news agency reported, citing financial companies. The estimate for business insurance claims accounts for 61 percent of the total. According to insurance companies, this year’s floods were the second-largest natural disaster since the founding of the independent Czech Republic in 1993. Only the massive floods that hit the country in August 2002 caused more damage. According to Bloomberg, the insured losses caused by the floods in Central Europe will amount to two to three billion euros.