Each year, Romania faces floods that affect large areas and thousands of dwellings. Solely in this summer, several counties in southern and south-west of the country were affected by severe floods which have jeopardized the peoples lives and caused extensive damage to local communities.
Torrential rains flooded more than 2,300 dwellings at the end of July; as a result over 1,800 people were evacuated from the waterway. The people are aware now about the role of insurance, given the fact that looses caused by the floods are covered by mandatory household insurance (PAD) in the limit of EUR 10,000 or EUR 20,000 euro (depending on the type of construction), and facultative policies for the amounts that exceed PAD coverage.

The damages caused by the floods (economic and insured ones) and possible solutions in this regard will be discussed at the 11th Edition of the International Catastrophic Risks Forum - ICAR 2014, which will take place on October 8th, 2014, at the Parliament Palace in Bucharest.