NU Online News Service, June 17, 3:35 p.m. EDT
Flash floods in southeastern France have damaged hundreds of homes and killed 22 people, according to bulletin by Guy Carpenter's Instrat unit that cites various media reports.
Heavy rain that started on June 15 and continued through the next day triggered the floods, Guy Carpenter said, adding that officials maintain the death toll could rise.
The French national meteorological service said the floods are the worst in the region since 1827, according to Guy Carpenter.
Catastrophe modeling firm Risk Management Solutions (RMS) also quoted the French meteorological service as stating that more rain is expected overnight tonight.
RMS said rainfall accumulations have reached up to 12 inches in some areas since Tuesday.
Under a law passed in 1982, France employs a public/private system to cover flood losses.
RMS said it does not have any insured loss estimates at this time.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
