Daily Insurance Industry News
 
 
Daily Insurance Industry News
Sunday 19th of May 2013
November 24, 2010

UK flood damage bill up 200%

by Gill Montia

Story link: UK flood damage bill up 200%

The Association of British Insurers (ABI) has reported a “massive rise” in Britain’s flood damage bill. Since 2000 the cost to insurers of flooding across the UK has leapt by 200% on the previous decade to £4.5 billion, with more people set to be at significant risk of flooding, according to the ABI. Major floods [...]



June 19, 2009

One in six English homes at risk of flooding

by Gill Montia

Story link: One in six English homes at risk of flooding

With latest predictions on climate change warning of rising sea levels and higher winter rainfall, the Environment Agency has calculated that £20 billion will need to be spent on flood defences in England by 2035. The government department puts one in six homes at risk of flooding and wants the current annual flood defence budget [...]