Sweden: huge insurance bill for Malmö floods

The recent floods in Malmö are estimated to have cost at least SEK 250 million, Swedish Radio News reports.

Three of the largest insurance companies have so far received over 4400 claims, and they are continuing to come in.

Sweden’s third city was hit by flash-floods caused by heavy rain two weeks ago, which trapped cars and buses on the roads and inundated homes and businesses. 900 of the claims relate to damaged cars.

Sweden’s weather service failed to issue weather warnings for the torrential rain.

“It is totally exceptional! People that have worked a long time with insurance in Skåne say that it is the worst they have ever seen”, Ingemar Helgesson from the Länsförsäkringar Skåne insurance company told Swedish Radio News.

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