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Severe weather

Flood damage could cost €50m, says Lux insurers group



Luxembourg insurance body ACA expects to receive millions of euros in claims following this week’s flooding. Pictured: Firefighters are seen conducting a rescue operation, 15 July 2021. CGDIS

Luxembourg insurance body ACA expects to receive millions of euros in claims following this week’s flooding. Pictured: Firefighters are seen conducting a rescue operation, 15 July 2021. CGDIS

Damage from this week’s flooding is likely to tally up to the mid-eight figures, according to an initial forecast issued by Luxembourg’s insurers trade group on Thursday afternoon.

The Luxembourg Insurance and Reinsurance Association (ACA) said its “first provisional estimates” of Thursday’s flood damage could “reach an overall cost of €50m.”

“Luxembourg insurers are fully mobilised with their policyholders to accelerate compensation and respond as quickly as possible to the needs of their customers,” ACA stated in a press release issued mid-day on 15 July.

The insurers body noted that “there is no fixed deadline” for filing damage claims. It recommended that insurance-holders take photos of the damage and contact their insurance company or agent by phone or email to verify coverage and the precise procedures to follow. The trade group represents 141 insurance sector companies.

Between 60 and 80 litres per square meter fell on average across the grand duchy in the 24 hours to Thursday at 2am, with rainfall continuing throughout the day and likely into the evening. Police and rescue services responded to more than 1,200 weather-related calls overnight, although no injuries were reported.

Flood warnings can be found in English on inondations.lu.