Heavy rains, floods cause nearly $40 million of damage

10/23/2018 5:47:00 AM

Source: Business Insurance

Spain’s Insurance Compensation Consortium said that heavy rains and floods struck the province of Malaga on Oct. 20 and Oct. 21, causing around €32 million ($37 million) worth of damage, The Olive Press reported. The country’s government is expected to declare the region a disaster zone. Heavy rains also caused an additional €16 million worth of damage to the west of Malaga recently.