Insurers face colossal bill for bad weather claims Total cost could reach as much as Euro 150 million

The insurance industry is facing a bill of more than Euro 150 million for claims related to bad weather last winter.

11th May, 2014
The Waterways Estate in Sallins, Co Kildare had to be evacuated after last winter's huge floods. Picture: Photocall Ireland

By Emma Kennedy

The insurance industry is facing a bill of more than €150 million for claims related to bad weather last winter.

According to estimates from Insurance Ireland, the representative body for the insurance sector, the cost of claims for weather events in December, January and February is likely to run to tens of millions of euro.

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