Flooding in Hauts-de-France region: loss estimates

Initial estimates provided by the Caisse Centrale de Réassurance (CCR) indicate that the floods that occurred on 6 November 2023 in the Hauts-de-France region (Northern France), could result in insured losses amounting to 550 million EUR (602 million USD).

At least 50% of this amount, or 275 million EUR (301 million USD), would be covered by the State-owned reinsurer.

For several weeks now, some of the region's departments have been experiencing exceptional flooding caused by heavy rainfall, associated with the passage of storm Ciaran.