Stranded trucks are seen on the flooded motorway A3 near the eastern Bavarian city of Deggendorf June 5, 2013, after one of Europe's most frequented highways was flooded by the nearby river Danube on June 4. REUTERS/Wolfgang Rattay
LONDON/FRANKFURT (Reuters) - As insurers start counting the cost of devastating floods across central Europe, many of the region's businesses and households are not covered and will have to foot the bill themselves.
Nicolaus von Bomhard, chief executive of the world's largest reinsurer Munich Re, attributed under-insurance for flood risk in the worst affected areas to a legacy of insurers' past reluctance to offer services in the region.
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