Floods often come as a surprise. Examples of extreme floods that have occurred unexpectedly and have led to disastrous socio-economic consequences abound in the literature (Merz et al., 2015). Figure 1 shows one example time series with such a surprising flood. The 2002 flood peak of the River Kamp, Austria, was about three times larger than the highest flood in the 100-year observational period before and has indeed caused enormous damage triggering desperate emergency measures in the region (Blöschl et al., 2006). From a statistical perspective, the occurrence of such an event is very unlikely if the extreme value behavior conforms to an asymptotically exponential (light-tailed) distribution. However, if the underlying probability distribution has a heavy tail, its occurrence is less unlikely. A heavy upper tail implies that the extreme values are more likely to occur than would be predicted by distributions with exponential asymptotic behavior, such as Exponential, Gamma, and Gumbel distributions (El Adlouni et al., 2008). Because human intuition tends to expect light tail behavior, processes that show heavy tail behavior often lead to surprise (Taleb, 2007).Heavy-tailed behavior of flood peak distributions is of the highest relevance for flood design and risk management. Neglecting heavy tail behavior, if it exists, results in underestimating the probability of occurrence of extremes. This underestimation may result in biased flood management measures, such as underestimated dike