France's insurers face heavy losses due to January floods

France has been experiencing record flooding and severe weather since 14 January 2026. On 12 February 2026, Storm Nils swept across much of the country, exacerbating the damage.

These events are expected to generate significant losses for insurers. As of 16 February 2026, the Covéa group (MMA, GMF and MAAF) had received 35 000 claims under its comprehensive homeowners insurance policies. MAIF and MACIF reported 20 000 and 15 000 claims respectively.

According to CCR’s initial estimates, Storm Nils alone resulted in 250 000 claims (including fallen trees and damaged roofs), with total costs reaching 1 billion EUR (1.2 billion USD).

Subsequent flooding could lead to additional insured losses of between 20 and 30 million EUR (23.6 and 35.3 million USD).