Insurers will have to pay over one billion to compensate for storm damage

Monday, 6 April 2026RSS
Insurers will have to pay over one billion to compensate for storm damage

The insurance sector will have to pay out more than one billion euros to cover damages caused by the series of storms that hit the Central region between 27 January and 13 February. The estimate was confirmed by the Portuguese Association of Insurers (APS) on Monday, 6 April, the same day that António José Seguro began his first 'open presidency' in the region to assess the State's response to the climate disaster. APS indicates that the estimate for indemnifiable damages is currently 983 million euros and is expected to exceed one billion euros. So far, over 303 million euros have been paid or advanced. Out of 185,000 claims, 95,000 have been processed or received advances. Leiria, Marinha Grande, and Pombal are the most affected municipalities. Despite complaints about delays, the APS maintains its commitment to paying claims quickly while adhering to legal and contractual procedures to prevent abuse.

Context & Explainers

The Portuguese Insurance Association (Associação Portuguesa de Seguradores) is the industry trade body that represents insurers in Portugal, collects sector data and speaks with government and the media after major events. On 14 February 2026 it reported more than 100,000 claims from recent bad weather (about half reported in the previous week); policyholders should contact their insurer promptly and check their cover and claims process.

AI Summary AvailableStorm damage insurance payouts exceed 300 million eurosRead the synthesized summary with context and explainers
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