Payouts on storm damage claims continue to climb

Weather

Hungarian insurers' payouts on claims for storm damages from home policyholders climbed over HUF 9.1 billion between May 1 and August 31, the Hungarian Insurers Association (MABISZ) said on Monday, according to a report by state news wire MTI.

The payouts, to almost 95,000 policyholders, were up from HUF 6.6 bln in 2020 and HUF 4.1 bln in 2019.

MABISZ noted that it has compiled uniform statistics on summer storm damage since 2010, a year in which flooding resulted in HUF 30 bln of payouts on 312,000 claims.

This year, the most claims were filed after storms on July 9 and August 1.

ADVERTISEMENT

EU-funded fact-checking website in Hungary launches Analysis

EU-funded fact-checking website in Hungary launches

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.