Insurance companies operating in the Czech Republic have increased flood
damage estimates to 30.7 billion crowns. The number of claims has been
reduced from 132,000 to 104,000, as registered by the Czech Insurers'
Association. The overall damage caused by the floods across the Czech
Republic is estimated at 90-100 billion crowns. Insurance companies expect
to cover up to 1/3 of the damage. So far, insurers have paid their
flood-stricken clients around 2 billion crowns, mostly in advance payments.