AFA puts French flood loss at up to $1.6bn

The French Insurance Association (AFA) has estimated that the
final insured loss amount from the recent floods in France will be
between EUR900mn and EUR1.4bn ($1.02bn and $1.6bn).
In a statement published yesterday (7 June) the trade body said
there had been 77,000 claims so far and that the final number could
reach 150,000.
In addition, insurers will accept insurance claims until 30
June, which is beyond the normal prescribed period of 10 days from
the declaration of a natural...