The Minister of Economy, Trade and Enterprise of the Government, Carlos Cuerpo Caballero, informed this Thursday in the Senate that 783 files have already been processed, representing 20% of the 3,933 applications submitted to the Insurance Compensation Consortium (CCS) following the severe flooding that affected several areas of Ibiza on 30 September and again during the second week of October, on the 11th and 12th.
The minister was responding to a question from the Senator for Ibiza and Formentera, Juanjo Ferrer, who had requested information on the status of compensation procedures for those affected by the storms.
Of the total applications registered, around 1,500 correspond to vehicles, 552 to commercial establishments and the rest to homes and other private properties. Cuerpo explained that the procedures are progressing at a good pace, with 23% of applications for homes, 20% of those for commercial establishments and 18% of those for vehicles already processed. In the case of industrial premises, the process is more complex due to the need for more detailed assessments, although the Consortium has identified 114 files that have already received interim payments to provide immediate liquidity to the affected parties.
Three months
The minister pointed out that the government’s objective is for more than 80% of the applications to be processed within three months —that is, by early 2026— following an “agile and efficient” schedule that will help restore economic normality in the most affected areas as soon as possible.
During his speech, Cuerpo expressed his solidarity and support for those affected by these extreme weather events which, “fortunately did not cause fatalities, but did result in significant economic damage”. He also stressed that such events “are becoming more frequent and have a greater impact on the population”, and highlighted that the Insurance Compensation Consortium has acted “with the same speed and efficiency” demonstrated in other recent cases, such as the DANA in Valencia, thanks to improved claim management and assessment procedures.
Cuerpo also recalled that Senator Juanjo Ferrer will soon meet with representatives of the Consortium, at which point updated data will be provided. He added that “in the coming days the figures are expected to be even more positive”.
For his part, Ferrer recalled that Ibiza suffered severe flooding that affected hundreds of residents, with businesses reporting significant losses and homes completely inundated. He noted that there are still people who “have not been able to return to their homes” after suffering water levels of more than half a metre and extensive property damage, in addition to hundreds of disabled vehicles.
The senator thanked the quick and effective action of the emergency services, which helped prevent fatalities, and acknowledged their dedication from the very first moment. Finally, he expressed his gratitude to the Ministry and the Consortium for their speed and efficiency, stressing that the priority is for affected residents and businesses to receive the necessary compensation as soon as possible.