A man cleans his house affected by floods in Utiel, Spain, Oct. 30, 2024. (Photo: Manu Fernandez/AP)
Insured losses from extreme flooding in parts of eastern and southern Spain is predicted to rise well above €1 billion (or $1.09 billion), according to Morningstar DBRS.
Triggered by torrential rainfall on Oct. 29, 2024, flooding impacted the Spanish regions of Valencia, Albacete, Cuenca and eastern Andalusia. Morningstar DBRS said at least 95 people are confirmed dead, with widespread damage to property and infrastructure including people, properties, vehicles, businesses and the agriculture sector.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
