Poland’s storms to cost insurers millions: report
PR dla Zagranicy
Insurance companies in Poland may have to pay out a staggering PLN 400 million (EUR 93.5 million, USD 110 million) in compensation for damages caused by a series of severe storms that hit the country earlier this month, a newspaper has reported.
PM Beata Szydło (centre) visits a family affected by a storm in the village of Mała Klonia, Kujawsko-Pomorskie province, 19 August 2017. Photo: PAP/Tytus Żmijewski
Owners of houses and other property destroyed or damaged by the storms can count on insurers as well as government aid, the Rzeczpospolita daily said, adding that only 50 to 70 percent of the affected property owners were insured, according to various estimates.
The first payouts are already being channeled to the victims' bank accounts as property owners report damage after the most violent storms on 11 and 12 August, the paper said.
While it is still too early to calculate the total loss, estimates show that the gales destroyed 3,688 buildings and devastated about 44,500 hectares of forest, Rzeczpospolita reported.
Damage to the power supply system alone is estimated at up to PLN 200 million (EUR 46.8 million, USD 55 million), according to the paper. (str)