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.