Insurers pay HUF 6 bln compensation for summer storm damage

MTI / Noémi Bruzák
Insurance companies have paid out almost HUF 6 billion in compensation for damage caused to residential properties in Hungary by storms this summer, the Association of Hungarian Insurance Companies (Mabisz) told state news wire MTI Monday.
The number of storm damage claims exceeded 103,000, according to a first summary of summer data.
Storms and resulting leaks caused far more damage than this, but more than a quarter of homes were not insured, they added.
Zala, Vas, Győr-Moson-Sopron, Borsod-Abaúj-Zemplén, Békés and Bács-Kiskun counties were the worst-affected regions, while it was in the most densely populated Pest County and the capital that the most homes suffered damage, Mabisz said.
ADVERTISEMENT
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.