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International

Spain: Insurers pay €378 million per year for losses from industrial fires

November 20, 2014 Reprints

Spanish insurers' association Unespa has said in a report that the country's insurance industry pays around €378 million ($474 million) each year for industrial fire claims, LaVanguardia.com reported.

The overall insurance payout for industrial losses totals around €848 million per year, the report said. There are 42,000 industrial fires annually, the report said.

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Spain: Insurers pay €378 million per year for losses from industrial fires

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