Reinsurance News

May and June French storms cause over €1bn of claims

24th June 2022 - Author: Pete Carvill

French insurers are fully mobilised in order to meet the needs of over a quarter of a million victims of May and June’s storms across the country.

The storms, over three days in June, led to around 258,00 claims that total an estimated €940m. Further storms in May brought another 93,000 claims at a cost of €323m.

However, France Assurers says that the industry is still mobilised to deal with the consequences of two storms within a fortnight.

Florence Lustman, president of France Assureurs: “These two meteorological episodes which crossed France had dramatic consequences for many of our fellow citizens. Insurers are fully committed on the ground to their policyholders in order to support them in the face of the consequences of this bad weather.”

Broken down, these weather events from June 2 to 5 caused claims of €410m for homes (44%) and €370m (39%) for motor. They also hit professional goods for €90m (10%) and agricultural goods and crops for €70m (7%).

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