Survey: Only 13% of Property Damaged by Greek Wildfires Was Insured

September 28, 2021

ATHENS — Only 13 pct of houses and enterprises hit by the wildfires in August were insured, a survey by the Hellenic Association of Insurance Companies said on Tuesday. The survey offered a first estimate of the damages from the catastrophic fires that hit several areas in the country last August, with 778 insured damages worth 38.5 million euros, of which 742 were property insurance (38.3 million euros) and 36 were vehicle insurance (200,000 euros).

More specifically, the total insured value of damaged properties was 410.4 million euros, of which 353.2 million in the Attica region. The average insured damage was 51,568 euros said Ericos Moatsos, president of the Property Commission of the Association, who added that insurance companies acted swiftly and responsibly to record damages and process claims for compensation and noted that the catastrophic wildfires of the summer proved once again the low rate of insurance coverage of houses and enterprises in Greece.


ATHENS - There was keen investor interest in acquiring a 27 percent stake in Piraeus Bank from Greece’s bank bailout fund, which was oversubscribed as it will be the third of the country’s four biggest banks to be fully privatized.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Nikki Haley Wins the District of Columbia’s Republican Primary and Gets Her First 2024 Victory

WASHINGTON (AP) — Nikki Haley has won the Republican primary in the District of Columbia, notching her first victory of the 2024 campaign.

PHILADELPHIA — Jason Kelce needed only seconds to burst into tears.

AUSTIN, Texas — Texas’ plan to arrest migrants who enter the U.

MILWAUKEE  — Giannis Antetokounmpo will miss just his third game of the season Monday night when the Milwaukee Bucks host the Los Angeles Clippers.

PHILADELPHIA, PA – Saint George Orthodox Cathedral of Philadelphia welcomed its new presiding priest Rev.