Confirming previous estimates, the Federation Francaise de Societes d’Assurance reported Monday that over 3 million damage claims had been filed as a result of the storms which hit France at the end of December. Resulting damages covered by insurance are estimated at frs. 30 billion ($4.4 billion U.S.).
Three quarters of the claims came from damages to individuals said the federation, and most of the losses were the result of wind damage. Insurers will pay all claims, less a maximum deductible amount of frs.1500 ($222), and, depending on the insurer, no personal inspection of the damages is being required for losses raging between frs. 10,000 to 40,000 ($1480 and $5922).
Topics Profit Loss Windstorm France
Was this article valuable?
Here are more articles you may enjoy.
El Niño Likely Strongest in 75 Years, US Forecasters Say 
Premiums Will Skyrocket by 2035; Discounts Not Enough for Wind Mit, Studies Say 
Hellman & Friedman’s Hub International Seeks $3 Billion in IPO 
Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts 
