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Climate disasters cost French insurers €6.5bn in 'worrying' rise

Last year was the third “most severe” in terms of climate-related claims after 1999 and 2022, insurance industry federation France Assureurs has said.

La rédaction de Mediapart

27 March 2024 à 10h49

This article is freely available.

Climate disasters in France cost insurers €6.5 billion in 2023 – a worrying increase in claims that comes as temperature records are successively broken, reports Yahoo! News.

Last year was the third “most severe” in terms of climate-related claims after 1999 and 2022, industry federation France Assureurs (French Insurers) has said – citing destruction from storms Ciaran and Domingos, which lashed parts of the north-west.

Numerous extreme weather events took place in 2023 – the second warmest year in France after 2022, France Assureurs president Florence Lustman told the French news agency AFP.

Among them were 15 wind storms with gusts of more than 150km/h, and 14 floods that each hit more than a dozen towns. Storms Ciaran and Domingos alone led to 517,000 claims costing €1.6 billion.

Read more of this report from Yahoo! News.

La rédaction de Mediapart

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