The insurers Alliance and Groupama have decided to remove the riot risk from their business contracts in Martinique and Guadeloupe. A decision which comes a few days after Generali, via its subsidiary GFA Caribbean, announced the suspension of subscriptions to business risks in the Antilles.
Up to 1.5 billion euros in damage
According to Alliance, the amount of damage in these territories ranges between 1 and 1.5 billion euros, 96% only for professionals. Figures which only concern the Antilles, since the damage from the riots in New Caledonia has not yet been precisely calculated. This decline by insurers who are demanding a return to security and social cohesion naturally worries local businesses.
How do you want to run a business if you no longer have insurance or a bank? worry some SME managers. A subject which would have been raised last Friday, rue Oudinot, during a meeting between CPME Outre-Mer and Minister François-Noël Buffet.
The Central Riot Reinsurance Fund
According to the newspaper La Croix, this time, the government, on the advice of a Senate report, would consider extending the Central Reinsurance Fund to riots, this public body which provides the State guarantee, serves as a support for losses linked to natural disasters. It is notably supplemented by a tax levied each year on contracts and also concerns the risks of terrorism and attacks.
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