Swiss Summer Storm Causes Hundreds of Millions in Insurance Losses

Swiss summer storm damage to cost insurers hundreds of millions of francs

The damage caused in Switzerland by a storm at the end of August is likely to prove very costly. According to initial estimates by insurers, it will be at least in the three-digit million range, a survey carried out by the AWP news agency shows. The violent weather on August 28 was by far the worst hailstorm of the year, several non-life insurance companies agree. “To date, we have received around 18,000 claims across Switzerland,” said a Mobiliar spokesperson on Wednesday. The majority relat...

By Keystone-SDA