Costs of 2021 floods in Wallonia have mounted up to 2 billion euros

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  1. **The Walloon government and insurers have reached a new agreement on the allocation of the extra 323 million euros that the floods in Wallonia have cost the victims. This is what L’Echo writes on Saturday. In total, the July 2021 floods cost insurance companies €963 million and the Walloon region €1.03 billion.**

    The first agreement between the two parties to compensate the victims provided for a sharing mechanism whereby the Walloon region would bear 60 per cent of the cost, and the insurers 40 per cent. At the time, the total cost of the floods was estimated at €1.670 billion.

    After re-evaluation, the cost flirts with the 2 billion-euro mark. The new deal covers €323 million, but the door is left ajar for new interventions if the cost of the floods continues to rise.

  2. How many homes were significantly damaged again? For 2 billion, a significant part must have been rebuilt or fixed, right? Right?

  3. Lucky it happens in the poor areas where building should not have been permitted…otherwise, the bill would have gone up 😉

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