Central Europe experienced floods in September due to Vb weather system, causing $2.2-3.4B in insurance losses.

Severe flooding in Central Europe, primarily in September, has resulted in estimated insurance losses of $2.2 billion to $3.4 billion, according to Verisk Extreme Event Solutions. The flooding, caused by a Vb weather system, primarily affected Czechia, Poland, and Austria, with significant damage near their border. Other countries like Germany and Hungary experienced lesser flooding. Coverage varies by country, impacting overall economic losses.

October 01, 2024
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