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Climate disasters: insurance companies increase their prices
Climate disasters: insurance companies increase their prices
(FRANCEINFO)
Extreme natural events, such as floods in the Nord and Pas-de-Calais, represent a cost of 6.5 billion euros for insurers in 2023. As a result, the latter have increased their prices by 6% on average this year.
The floods in the Nord and Pas-de-Calais, the Ciaran and Domingos storms, or even the earthquake which shook the west of France in June 2023. Extreme natural events were frequent and intense last year, encrypting itself at a cost of 6.5 billion euros for insurers. Will the worsening of climate risks have an impact on the amount of contributions? In Blendecques (Pas-de-Calais), Dominique Mahieu’s house was flooded three times in the space of two months. Insurance will cover “150,000 euros” works in total.
Better anticipate climatic events
Faced with the multiplication of claims, insurance companies are however increasing their prices: + 6% on average this year, compared to 2023. The increase could slow down at best, if climatic events were better anticipated. “The more prevention measures we take, the more effective this prevention is and the more we will be able to control the increase in damage, and there will be less impact on prices”explains Florence Lustman, president of France Assureurs.
Among our sources
France Insurers
Evolution of insurance prices, L’Humanité
Non-exhaustive list.
