why will compensation continue to increase?


Geoffrey Branger
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10:14 a.m., July 13, 2022

Episodes of severe weather are increasing in France, and are very expensive. According to France Assureurs, since the end of May, all the climatic events which have caused damage and for which insurers have paid compensation have amounted to nearly four billion euros.

Hail, storms, lightning, floods or even extremely violent gusts of wind… Since the end of May, France has suffered almost a million claims, and therefore as many policyholders to be compensated for a cost total reached 3.9 billion euros. Unheard of since Lothar, the very violent storm that swept across Europe in December 1999.

“This development does not surprise us”

This enormous bill corresponds to the hundreds of thousands of damaged houses, the hundreds of thousands of damaged or even destroyed vehicles, without forgetting, to a lesser extent, all the professional and agricultural property that suffered damage.

And this exponential increase in compensation should continue according to Florence Lustman, president of France Assureurs. “The cost of all these climatic events over the next thirty years will be double what we have seen over the last thirty years, so this development does not surprise us, we have predicted it and indeed it is. ‘is linked to global warming,’ she explains at the microphone of Europe 1.

Prevention and State effort

So, to try to reduce the amount of these claims for companies, France Assureurs is focusing on prevention and underlining the State’s effort with the establishment of a national day to raise awareness and prepare populations to react in case of exceptional natural events.


Fr

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