Floods will cost insurers €250million

Insurers say they are likely to pay out €250 million to cover claims after the recent flooding around the country, writes Nicola Cooke.

12th December, 2009

Hibernian Aviva, which has about 20 per cent of the insurance market, will pay out €50 million to policyholders affected by the flooding.

The firm had just over 5,000 claims calls to its hotline in recent weeks; if all of these were successful, it would translate into an average pay-out of €10,000 per customer affected. Insurer Axa has already signalled that it expects to pay €10 million to flood-affected customers.

The Irish Insurance Federation has warned that...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago