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Agroseguro pays first €16 million to those affected by September's storms in Spain

Agroseguro has made the first payments to those affected by the storms recorded between September 11 and 17; a total of 16.28 million Euro. It is worth noting that the weather caused floods that may lead to issues such as the death of the trees or the appearance of fungal diseases, as well as the impossibility of carrying out phytosanitary treatments. Therefore, Agroseguro said that the remaining payments will be made as the final assessments are completed.

The damages caused by those storms are the most severe in the history of Spanish agricultural insurances. The productions that were most affected were those of citrus fruits, vegetables (mostly broccoli, lettuce, melon and pepper) and table grapes. So far, damage reports have been issued for more than 41,000 hectares, although they will continue to arrive, given the likely long-term impact of the incidents.

The area affected is very large. The most severe damages have been reported in Vega Baja del Segura and in the municipality of Orihuela, in Alicante. In Murcia, the rains arrived accompanied by intense hailstorms, which aggravated the damage.

The Spanish Combined Agrarian Insurance System (Agroseguro) estimates that the compensations for the damages caused by the heavy storms that crossed the Mediterranean coast will amount to more than 80 million Euro, with up to 50,000 hectares likely to be affected.



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