French Government Urges Quick Insurance Payouts After Severe Floods
Economic Minister Antoine Armand calls for expedited compensation as natural disaster status is declared in flood-stricken regions.
- The Centre-East of France experienced severe flooding, affecting regions such as Rhône, Loire, Haute-Loire, Ardèche, Lozère, and Alpes-Maritimes.
- Antoine Armand, the Economy Minister, has mobilized insurance companies to expedite compensation processes for affected residents and businesses.
- The Macif insurance company has implemented special assistance measures, including extended claim deadlines and temporary housing support.
- The natural disaster status has been officially recognized, enabling the commencement of the formal compensation process for flood victims.
- Insurance premiums are expected to rise significantly in 2025 due to increased repair costs and higher contributions to natural disaster funds.