Allianz Receives 35,000 Property Damage Reports
Image by askarim / Shutterstock.com
Allianz Hungária received nearly 35,000 residential property damage reports in connection with stormy weather in the first eight months of the year, a record for the past five years and 30% higher than the five-year average, according to profitline.hu.
Up until August of this year, the company has already paid out total compensation exceeding HUF 3.5 billion for these damages, more than one and a half times the total annual average of the previous four years.
The average payout for storm damage was around HUF 100,000 for home insurance.
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.