Irma, France's most expensive Cat Nat for insurance

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Until last year, the drought that had raged in metropolitan France in 2003 was the natural disaster that had cost the most in France with a cost of 1,74 billion euros. Updated, the amount of insured damage caused by Irma is 2 billion euros, so it becomes the most expensive Cat Nat phenomenon.

"The flooding of the Seine in 2016, cyclone Irma in 2017 and a succession of medium-scale events in 2018 put the natural disaster regime to the test with an unusual accumulation of claims of all kinds," comments the CCR, the central reinsurance fund.

"Irma is the biggest disaster that the CCR has had to face since 1982. Its management has taken on a specific character, due to the insular nature of the territories concerned", she underlines in her 2018 activity report. (soualigapost.com)

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