Managing the EU's flood risks : Insurance Europe's views on the EU Floods Directive

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      <subfield code="a">Flooding causes frequent and extensive damage in many parts of Europe, resulting in widespread physical losses, business interruption and distress. Indeed, a third of all European natural catastrophe losses in the two decades to 2018 were the result of hydrological events and they caused $177bn (157bn) of damage. And just the five costliest floods of that period caused an estimated $52.4bn of damage.</subfield>
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