Home » Business » 550 Million Euros Total Cost: Flood Victims in Hauts-de-France Receives 60 Million Euros in Compensation

550 Million Euros Total Cost: Flood Victims in Hauts-de-France Receives 60 Million Euros in Compensation

After the November floods which affected several hundred municipalities in the region, “98% of the expert missions had been carried out by the end of December 2023,” said the professional organization in a press release. “As of this date, more than 60 million euros have already been paid to victims of these floods, representing on average a deposit of 2,600 euros per insured person affected,” she added.

550 million euros total cost

The Central Reinsurance Fund (CCR) estimated at the end of November the cost of floods covered under the natural disaster regime in Hauts-de-France at 550 million euros, at least half of which was covered by it. The Minister of the Economy Bruno Le Maire indicated on Sunday that “50% of those affected in November were compensated”.

France Assureurs confirmed on Monday the minister’s announcements for those affected in November who were affected again in January, in particular that they will not have to pay a second time the deductible provided for by the natural disaster regime, as asked the president of the region Xavier Bertrand.

The excess applicable in the event of a natural disaster is a maximum of 380 euros, according to Bercy.

2024-01-08 18:08:50
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