Experts warn that the floods in Austria, the Czech Republic and Poland could cause billions in damages. Insurers will probably only cover a small part of this.
According to experts, the dramatic floods in Eastern and Central Europe could result in economic damage running into billions. How high the insured damage will be can only be estimated at this point. But one thing is clear: the large Austrian insurers will have to bear the majority of it, as they also have a high market share in the affected neighboring countries.