Insurance companies have paid out over 303 million euros in compensation for damages caused by severe storms that struck Portugal between January 27 and February 13. The Portuguese Association of Insurers (Associação Portuguesa de Seguradores or APS) estimates that total insurable losses could eventually exceed one billion euros. In Leiria alone, residents and businesses have filed nearly 37,000 claims for property damage.
Storm damage insurance payouts exceed 300 million euros
Monday, 6 April 2026AI summary
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.
Sources (6)
- Bad weather: Insurers have already paid 303 million in compensationECO · 5:05pm, 6 Apr 2026
- Storms: Insurance companies have already paid over 300 million in compensationRTP Notícias · 6:41pm, 6 Apr 2026
- Insurers have already paid over 300 million in compensation due to storms. Final value could exceed one billionCNN Portugal · 6:35pm, 6 Apr 2026
- Leiria records nearly 37,000 insurance claims for damage to homes and businessesCorreio da Manhã · 6:45pm, 6 Apr 2026
- Insurers paid 303 million euros following stormsObservador · 6:07pm, 6 Apr 2026
- Insurers will have to pay over one billion to compensate for storm damageDiário de Notícias · 5:18pm, 6 Apr 2026
