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The floods that affected the south-east of France in November and December caused insured losses with an estimated total cost of 390 million Euros.

13/12/2019

Insurers have already received more than 42,000 claims following the floods that struck the South-East on 22-24 November and 1 and 2 December this year. This figure could rise to 57,000 claims for the two events, with a total cost of insured damage estimated at 390 million Euros.

On 6 December, insurers estimated the total cost of these periods of extremely heavy rain which hit the departments of Alpes-Maritimes and Var at 390 million Euros.

This figure, corroborated by the numerical modelling of the events carried out by the French public-sector reinsurer, the Caisse Centrale de Réassurance (CCR), is made up of damage caused to homes (54%), vehicles (12%) and business property (34%).

Insurers are helping insured parties through this difficult time in each of the departments affected by these extreme weather events.

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