In 2023, climate disasters in France will cost 6.5 billion euros to insurers. 2023 is the third most serious year in terms of climate losses after 1999 and 2022.
The year 1999, marked by storms Lothar and Martin, remains the worst so far. Storms, such as hail, are covered in insurers' damage contracts. Floods or droughts are subject to the “cat nat” regime. The State covers half of the costs, thereby reducing insurers' bills by half.