Business · Companies · 12 hrs ago

Swiss hailstorm leaves Mobiliar facing more than 200 million francs in claims

Swiss hailstorm leaves Mobiliar facing more than 200 million francs in claims

A hailstorm swept parts of Switzerland on 28 August, damaging buildings, cars and other property.

Mobiliar chief executive Michèle Rodoni said the storm caused more than 200 million francs in damage for the insurer.

Mobiliar received about 31,000 claims, most involving damaged vehicles.

The Swiss Insurance Association estimated that private insurers faced nearly one billion francs in losses, with about 80% linked to motor vehicles.

Including damage covered by cantonal building insurers, reinsurer Swiss Re estimated total insured losses of around 1.7 billion francs.

The scale of the losses matters because the storm caused roughly twice the insured damage of a major hailstorm in Ticino in August 2023.

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