Insurance Post

Swedish flood claims more than double in 2014

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Sweden’s insurers face a heavy hit from natural catastrophe claims, as the number of flood damage claims lodged reaches more than double the previous year’s total.

Around 8,000 instances of flood damage have been reported to insurance companies thus far in 2014, up from 3,500 in the whole of 2013, and 3,600 in 2012, according to data from trade association

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