Insurance costs to rise after €220m cold snap claims

HIKES in household premiums are on the cards after insurance companies paid out more than €220 million in claims related to last December’s cold snap.

Insurance costs to rise after €220m cold snap claims
Wed, 13 Apr, 2011 - 01:00
Evelyn Ring

Insurers dealt with almost 30,000 compensation claims for damages to homes and businesses caused by burst pipes during the freezing weather.

Household claims cost €173m, while commercial claims amounted to €50.6m, with Cork at €32.4m, the worst affected.

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CourtsAgri-BusinessPlace: ConnachtPlace: UlsterPerson: ChiefPerson: Mike KempPerson: KempEvent: Hurricane CharleyOrganisation: CorkOrganisation: Irish Insurance FederationOrganisation: IIF
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