Bad weather claims cost insurance industry €160m

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24th August, 2014

The insurance industry is facing a bill of almost €160 million for claims relating to bad weather last winter.

The cost of claims for weather events last December, January and February brings to almost €1.5 billion the total amount paid out in claims for so-called weather events, such as storms, big freezes and floods since November 2000, according to figures from Insurance Ireland, the representative body for the insurance sector.

The latest €157 million bill for...

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