CCR issues its 9th annual natural catastrophe report for France

Caisse Centrale de Réassurance (CCR)The 9th edition of CCR's annual natural catastrophe report reveals that France experienced a series of extremely varied climatic events in 2023.

The past year was marked by natural catastrophe losses ranging from 1.7 to 2.2 billion EUR (1.9 to 2.4 billion USD), thus exceeding the average for the 1982-2023 period estimated at 1.349 billion EUR (1.5 billion USD).

With insured losses totaling 640 million EUR (706.3 million USD), the floods that occurred in November in the Hauts-de-France region in the north of the country are considered to be the most costly disaster of 2023.

Another significant event was the earthquake of 16 June, which struck La Laigne, a commune in south-west France, resulting in insured losses of up to 350 million EUR (386.3 million USD). According to the report, the 2023 drought, although more contained than that of 2022, remains significant.

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