Wind storm damage may amount to HUF 1 bln

Weather

Nearly 10,000 claims were received by insurers following last week’s storms. The companies estimate that, in the coming weeks, the amount of payments may reach up to HUF 1 billion, the Hungarian Association of Insurers (MABISZ) has announced, according to portfolio.hu.

Following the devastation of last week’s windstorms, insurers received numerous claims from the Northern Transdanubia in the west to Békés and Hajdú-Bihar counties in the east.

In addition to notifications from the public, notices of damage to industrial facilities and public buildings were also filed in significant numbers and with a larger amount of damages. At this time of year, both the number of claims and the amount of damages reported are unusually high.

Given the need to prepare for major windstorms in many areas of the country in the coming days, February is expected to match the damage caused in the traditional May-August storm season, which last year amounted to HUF 4.1 bln, portfolio.hu notes. 

Number of Thefts in Capital Edges Higher in 2023 Figures

Number of Thefts in Capital Edges Higher in 2023

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C... Government

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C...

Wizz Air Using VR for Pilot Training Innovation

Wizz Air Using VR for Pilot Training

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.