Will insurance reinsure?

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The damage caused by the passage from Irma to Saint-Martin will cost insurance nearly 990 million euros.

If compensation is going to be paid even late, the question today is whether companies will agree to reinsure their customers, precisely those who have been most affected and / or are in a risk zone.

Until then, residents living near the sea or in a flood zone could take out insurance without great difficulty. Now it may be more complicated.

"Each company will have to wonder about what is insurable or not, about what can be taken out in a reasonable manner," says Arnaud Chneiweiss, general delegate of the French Insurance Federation (FFA). “The insurer, its job is to select the risk. He chooses whether or not to insure property, ”continues Arnaud Chneiweiss.

companies could renew contracts but with new conditions. A reflection between professionals is currently underway on this subject.

(Source: www.soualigapost.com)

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