United King­dom

RISKAFRICA Magazine - - INTERNATIONAL NEWS -

In­sur­ers pay out £1.19 bil­lion in UK flood claims

The sec­ond wettest Bri­tish sum­mer on record has cost in­sur­ers £1.19 bil­lion ($1.84 bil­lion), ac­cord­ing to new fig­ures re­leased mid-Fe­bru­ary. This is the high­est an­nual fig­ure in five years. Around 486 000 claims were made by home­own­ers, busi­nesses and mo­torists for storm

and flood dam­age. The aver­age claim pay­out for flood­dam­aged homes and busi­nesses was £18 200 ($28 193). Home dam­age claims ac­counted for 411 000 claims, while 47 000 busi­ness prop­erty claims were recorded. And 27 000 claims were filed for flood and storm-dam­aged ve­hi­cles. An­other £40 mil­lion ($61 900) was handed out to help busi­nesses con­tinue trad­ing while their premises were be­ing re­paired. De­spite the enor­mous num­bers, the to­tal pay­out is still dwarfed by the £3 bil­lion ($4.64 bil­lion) paid out by in­sur­ers in 2007, the worst year in recorded his­tory for United King­dom flood­ing.

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