Insurance compensations for damages in summer 2023 wildfires at 49 mln, says report

Compensations payable by insurance companies for property damages inflicted during the wildfires in the summer of 2023 are estimated at nearly 49 million euros, according to a report compiled by the Hellenic Association of Insurance Companies (HAIC), released on Thursday.

The report concerns damages by fires that occurred in Greece in the months of July (at Saronida, Rhodes, Loutraki and Anchialos) and August (at Fili, Aspropirgos, Boeotia, Kavala and Evros).

According to data provided by insurance companies for the report, a total of 403 damages were registered, of which 387 relate to property insurances (48.65 mln euros), 9 damages concerning cars (43,000 euros) and 7 damages for transportation insurances (85,000 euros).

This amount is the largest on record to be paid out in Greece for damages during forest fires, noted the head of HAIC’s Property, Reinsurance, Cargo & Hull Committee, Henry Moatsos. Another report on damages incurred during the ‘Daniel’ storm in September will be completed and published in the near future, added Moatsos