Belgian carriers make EUR305mn ex-gratia flood payments after government negotiations
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • X
  • LinkedIn
  • Email
  • Free trial
  • Log in

Belgian carriers make EUR305mn ex-gratia flood payments after government negotiations

Rachel Dalton
07 October 2021
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • X
  • LinkedIn
  • Email
Germany Floods.jpg

Belgian insurers have agreed to pay out an additional EUR305mn ($353mn) above and beyond their contractual obligations to victims of the summer flooding in the region.

Severe floods caused by low-pressure area Bernd in July struck Germany, Belgium, France, Luxembourg and the Netherlands, causing an insured loss of $12bn according to Swiss Re’s latest estimate.

RMS estimated in August that insured losses across Belgium would be...

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News
rachel dalton/rachel dalton ii red.png
Rachel Dalton
Lead Reporter
Contact
Gift this article