Payments have already been made for 41% of claims reported to insurers following the series of storms that hit Portugal between January 27 and February 13, the Portuguese Insurers Association (APS) announced this Thursday after assessing the damages covered by insurance contracts with its member insurance companies.
Storms: Insurers' losses have already reached one billion euros
Thursday, 26 March 2026RSS
Context & Explainers
The Portuguese Association of Insurers (Associação Portuguesa de Seguradores or APS) represents the companies providing insurance services in Portugal. It recently reported that the industry has paid 41% of the €260 million in claims resulting from winter storms. Policyholders should be aware that APS helps coordinate industry-wide responses to natural disasters and regulatory changes.
AI Summary AvailableStorm damages reach one billion euros as insurers pay outRead the synthesized summary with context and explainers
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