Report examines 2005 European floods.The mid-August floods that hit Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. were the region's most significant event of 2005 and the worst since 2002, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report that examines flood-related losses in Switzerland, Germany, Austria, Romania and Bulgaria. Various reinsurers expect to pay out between 15 million euro ($18 million) and 65 million euro ($77 million) in insured losses across flood-affected areas in Central and Eastern Europe, according to the report issued by risk manager and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. broker Guy Carpenter Guy Carpenter was fictional character in the Australian soap opera Neighbours played by Andrew Williams from 1991 to 1992. Family Tree
Switzerland suffered the greatest losses, with estimated damage in excess of $2 billion. Between Aug. 19 and Aug. 24, heavy rain caused lakes and rivers in several regions in Switzerland to overflow, triggering flooding, landslides, and the evacuation of roughly 2,500 people from their homes. In central Switzerland Central Switzerland is the region of the Alpine foothills geographically the heart and historically the origin of Switzerland, with the cantons of Uri, Schwyz, Obwalden, Nidwalden, Lucerne and Zug. Central Switzerland is one of the NUTS 2 Statistical Regions. , more rain fell in those six days than the normal average for the entire month of August. The floodwaters severed sev·er v. sev·ered, sev·er·ing, sev·ers v.tr. 1. To set or keep apart; divide or separate. 2. To cut off (a part) from a whole. 3. road and rail links, leaving many villages isolated and resulting in at least four deaths. The Swiss Insurance Association reported that more than 36,500 claims--stemming from household, business interruption and auto losses--were lodged as a result with private insurers, who incurred a total loss of about $1 billion. As in Switzerland, rivers overflowed their banks also in Germany and Austria, causing extensive damage in Bavaria and several western Austrian provinces. Economic losses in Bavaria alone are expected to reach 172 million euro (approximately $203 million), the report said. |
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