HUNGARY: February storm claims may exceed HUF 1 billion

About 10,000 claim files were reported by Hungarian insurers following the first week of February's storms, Budapest Business Journal reported quoting MABISZ (the Hungarian Association of Insurers) representatives.

Thus, the companies estimate that, in the coming weeks, the amount of payments may reach up to HUF 1 billion, about EUR 3 million, according to the cited source. "Following the devastation of last week's windstorms, insurers received numerous claims from the Northern Transdanubia in the west to Bekes and Hajd-Bihar counties in the east".

All in all, MABISZ representatives said February 2020 is expected "to match the damage caused in the traditional May-August storm season, which last year amounted to HUF 4.1 billion", portfolio.hu notes.
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