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Swiss summer storm damage to cost insurers hundreds of millions of francs

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The damage caused in Switzerland by a storm at the end of August is likely to prove very costly. According to initial estimates by insurers, it will be at least in the three-digit million range, a survey carried out by the AWP news agency shows. The violent weather on August 28 was by far the worst hailstorm of the year, several non-life insurance companies agree. “To date, we have received around 18,000 claims across Switzerland,” said a Mobiliar spokesperson on Wednesday. The majority relate to damaged vehicles (14,300 cases). However, there is also damage to properties, such as cellars and gardens. These figures are likely to rise further. A projection will probably not be possible until the end of the week at the earliest, the spokesperson explained. “Mobiliar expects the total to run into the high double-digit millions.” Allianz Suisse has now recorded over 11,000 claims relating to damaged vehicles. “The figure continues to rise,” said a spokesperson for the firm. “Based on ... Full story here Are you the author?
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SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
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