Storm damage causes French insurers EUR 1.4 billion

4th February 2009, Comments 0 comments

Insurance companies in France say the violent storms of January will cost them up to EUR 1.4 billion.

PARIS – Violent storms that left 26 dead across southern Europe late in January caused up to EUR 1.4 billion of damage in France, insurance companies said Tuesday.

Between 400,000 and 600,000 French households were hit by the storm, with overall damage estimated at between EUR 1.0 and 1.4 billion, Bernard Spitz, the head of the FFSA federation of insurers told reporters.

France declared a natural disaster across the southwest of the country, where the worst storm to hit France and Spain in a decade brought down power lines and paralysed the rail network.

Some 15,000 homes were still without power on Monday, out of 1.7 million originally cut off, more than a week after the 24 January storm.

[AFP / Expatica]

0 Comments To This Article