THE Big Freeze last December cost insurance companies €4.2million in claims in Offaly according to figures released by The Irish Insurance Federation (IIF) yesterday (Tuesday).
This was the third severe weather event to affect the country during a fourteen-month period. During the severe freeze, which affected the entire country last December, insurers dealt with almost 30,000 claims relating to damage to homes and businesses caused by burst pipes.
Mike Kemp, Chief Executive, IIF said, “The scale of damage caused by the December freeze should not be underestimated and the subsequent quick response from insurers assisted many homeowners and businesses in getting back on their feet as fast as possible. “
Although the freezing weather affected the whole country, some areas were disproportionately affected. Munster accounts for 28% of the population but accounted for approximately 40% of the claims cost, and Leinster accounts for 54% of the population but only accounted for 32% of the claims cost. The cost of claims in Connacht/Ulster was 28% of the total but accounts for only 18% of the population.