With flooding devastating the north of Romania, insurers receiveincreasingly more claims for damages, but their value is much lowerthan that of the overall damages because few homes in rural areasare insured.
The floods have affected thousands of homes and completelydestroyed several hundred, with the claims that insurers are liableto settle currently put at around 10 million euros.
This is the value of reserves that insurers allocated for damagessince the floods first started and up until now. Ten days ago thereserves were twice as low, of around 5 million euros. The numberof claims opened by insurers as a result of the flooding thatstarted in June currently exceeds 2,000, according to datacentralised by ZF from the biggest insurance companies.
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