Report: Hail storms cause HUF 2 bln in damages for farmers in July

Weather

Summer hail storms caused more than HUF 2 bln in damages for farmers in July, Hungarian economic daily Világgazdaság reported today, citing earlier reports by insurers.

Insurer Generali received 550 claims in July for damages valued at HUF 830 mln, insurer Allianz received close to 1,000 claims for approximately HUF 1 bln in damages, while insurer Groupama said they received 309 claims and have already paid out HUF 250 mln, the daily reported.

The paper noted that damage caused by hail storms is typically concentrated in small areas, but fully assessing the effects takes time as in most cases this can only be done once the harvest is complete.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.