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International

Hungary: Generali pays $158.2 million in damage-related payouts in 2013

January 13, 2014 Reprints

Italy-based insurer Assicurazioni Generali S.p.A. said it paid around 35 billion Hungarian forints ($158.2 million) in damage-related payouts in 2013, up 16.7% year on year, Hungarian business daily Vilaggazdasag reported.

About HUF 21 billion ($94.9 million) of this amount came from the property insurance segment, an increase of 5% year on year.

Claims related to property insurance include damage caused by earthquakes and those caused by water in houses and glass-breaks, Vilaggazdasag reported.

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Hungary: Generali pays $158.2 million in damage-related payouts in 2013

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