France Assureurs on Tuesday called on its members to “reduce” the deductibles for the “small independent traders hardest hit” by the urban violence which began a week ago, thus responding to the request of the Minister of the Economy, Bruno The mayor.
France Assureurs invites its members extend the claim reporting period to 30 daysagainst the usual 5 days, to speed up the compensation process and facilitate the payment of installments to deal with the most difficult situations, according to a press release.
According to Florence Lustman, president of France Assureurs, who spoke on France Info, to date, 5,800 claims have been declared to insurers.
Our assessment of these claims is that a should already cost at least 280millionagainst 204 million in 2005, after several weeks of riots, she said, adding that there are plenty of claims that have not yet been declared.
On Saturday, the Minister of the Economy Bruno Le Maire had asked insurers to extend the deadlines for declaration, to reduce deductibles and to quickly compensate professionals who were victims of the riots, towards whom the banks were also called upon to show understanding.
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Monday evening, the Medef estimated the bill at one billion euros.
In the crowd, the organization had assured that its members were all mobilized, without explicitly responding to the request on the franchises.