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19 May 2012

French floods cost EUR700mn

12 July 2010

The fatal flash floods that struck southern France on 15 June, killing 25 people, are set to cost insurers nearly EUR700mn, according to estimates from national industry body Fédération Française des Sociétés d'Assurance (FFSA). Torrential rain caused the worst floods in the region in almost 200 years, with flash flooding in the hills above the French Riviera. The government declared a state of natural catastrophe in nine districts of the Var region, which has activated the country's state-backed nat cat...

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