between 375 and 480 million euros in estimated damage

by time news

2023-11-03 09:49:20

By CP

Published 1 hour ago, Updated 1 minute ago

Saretec estimated on Thursday that storm Ciaran had caused damage estimated at 375 million euros to buildings. FRED TANNEAU / AFP

According to initial estimates, the number of victims would be between 230,000 and 270,000.

Once Storm Ciaran has passed, it is time to quantify the damage. Between the cars crushed by tree branches and the torn roofs, the sum promises to be tidy. To date, nearly 6,500 claims have already been made to Macif for damage caused by storm Ciaran. “At this time, Macif records nearly 10,000 telephone calls and 6,500 claims, or 900 per hour.», Detailed the insurer in a press release. The Covea group (MAAF, MMA and GMF brands) indicated for its part that it had activated a specific crisis unit and mobilized dedicated teams to take care of compensation for damages with their immediate settlement without expertise when possible.

More than 230,000 victims

Using a modeling tool, the insurance consultancy Saretec estimated on Thursday that storm Ciaran had caused damage estimated at 375 million euros to buildings, including 50 million euros of damage to businesses. The Risk Weather Tech company is counting on a bill of between 370 and 480 million euros for insurance companies. For this company expert in climate risk management cited by The Parisian , the number of insured losses should ultimately be between 230,000 and 270,000. If the first estimates of the bill seem impressive, they remain much lower than what was observed during the Lothar and Martin storms in 1999. The latter caused nearly 6.9 billion euros in damage.

Faced with the extent of the damage from storm Ciaran, France Assureurs has already announced that it will extend the claims reporting period until December 1, 2023. The deadline is therefore 30 days, compared to the usual five days, and ten if the state of natural disaster is recognized by order.


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