French insurer estimates flood damages between 9M and 1.4B euros

20,000 people have been temporarily evacuated from their homes

After Paris’s worst flooding in decades, the Association française de l’assurance (AFA) said Tuesday the cost of the damages could range anywhere between 900 million and 1.4 billion euros. The organization says it received 77,000 reports by Tuesday and estimates the number of claims could reach 150,000. It also said that it will be extending the deadline to receive claims until June 30.

On Wednesday, France’s Cabinet formally declared a “natural disaster” in 782 towns and villages considered as the most affected by the flooding that has hit Paris and France’s central regions. The procedure aims at helping residents and businesses to get financial help more quickly.

Read: France creates emergency fund for people affected by floods

In total, 20,000 people have been temporarily evacuated from their homes, French government spokesman Stephane Le Foll said.

Meanwhile, the Louvre and the Orsay, the premier museums of Paris, have reopened after an emergency closure last week to move masterpieces to higher ground.

Visitors lined up to see the Mona Lisa and other famed works in the Louvre after Wednesday’s reopening. Louvre officials moved 35,000 artworks from storage areas and low-lying exhibition areas of the riverside museum as the Seine River rose last week.

The Seine’s levels peaked Saturday in Paris but remain more than 3 metres above normal, and several French regions are facing thunderstorm warnings Wednesday.

Flooding around Europe has killed at least 19 people, including a 77-year-old man who drowned in his car Tuesday in northern France.

Read: Floods across Europe cause deaths, damages, closures

 

Copyright © 2017 Transcontinental Media G.P.
Transcontinental Media G.P.