If there is hail on Lake Garda, it will cost the German insurer HUK-Coburg millions. Climate change is hitting car insurers hard, says CEO Klaus-Jürgen Heitmann. Therefore prices would have to continue to rise.
There is stress between drivers and insurers – and it’s not likely to go away any time soon. This year, most companies want to raise prices again drastically, as they did in 2022 and 2023. On the other hand, anyone who wants money from their insurer after a claim often waits on the phone for hours, even if they just need simple information. Slow regulation and weeks of waiting for payments are not uncommon. The reason: a lack of personnel in claims processing, as the providers say laconically.