Possible implications for insurers of the 28 April blackout

The purpose of this newsletter is to analyse some of the controversial issues that may arise in the field of typical warranties included in property and casualty policies. 

The blackout experienced on Monday 28 April 2025, which affected the entire Iberian Peninsula, is a unique and unprecedented event. Although there are still many shadows as to the cause of the blackout and the repercussions that will result from it, it is estimated that the blackout could mean a loss of 1,600 million euros for the Spanish business fabric [1]. 

As a result, it is expected a significant increase of claims by policyholders against their insurers for potential damages suffered due to this incident [2]. All of this is expected to raise many questions and legal issues that could have a significant impact on the insurance market as a whole. 

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