Cost of natural disasters in France soars to highest in 23 years

Natural disasters caused €10 billion of losses in 2022 as such events became more frequent and more intense, the head of the federation of French insurance companies said on Thursday.

"It was an annus horribilis," France Assureurs president Florence Lustman told Europe 1 radio, citing the hailstorms, floods and droughts that hit the country last year.

Natural disasters cost the industry 3.5 billion eur