ADVERTISEMENT

MABISZ: Early July storm damage claims could reach HUF 1 bln

Weather

Claims by policy holders on damage resulting from storms that swept through Hungary July 12-14 could come to an estimated HUF 1 billion, the Hungarian Insurers Association (MABISZ) said today, according to Hungarian news agency MTI.

MABISZ said that association members have received more than 10,000 damage claims with most of them filed in West and North West Hungary. 

According to the association, summer is one of the most risk prone times of the year. In the last five years 115,000 claims were filed between May and August on average and insurers paid around HUF 7.5 bln for damages annually.

ADVERTISEMENT

Consumer, business confidence reach 2-year high - GKI Analysis

Consumer, business confidence reach 2-year high - GKI

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.