AS A RESULT OF THE FLOOD IN 1953, THE FLOODING OF PRIMARY AND SECO...

19. As a result of the flood in 1953, the flooding of primary and secondary river and sea dikes in the Netherlands

could no longer be insured. A precursor of the Association forbade its members from 1955 on coverage for the

flood to offer insurers regular fire insurance, because the risk due to the catastrophic nature would be uninsurable.

Around 1998, through the intervention of the European Commission, the binding decision of the Association was

replaced by a free advice. This, however, has changed little in practice, on almost all regular fire insurances flood

coverage is still excluded.