Insurers face $472 million bill for UK floods

LONDON (Reuters) – Insurers are expected to pay policyholders an estimated 363 million pounds ($471.79 million) for flood and wind damage from two storms in Britain last month, the Association of British Insurers said on Saturday.

A total of 82,000 claims have been received, the ABI said.

The anticipated payout compares with 110 million pounds for flooding in November, and 1.3 billion pounds for storms in December 2015.

Reporting by Huw Jones; Editing by Kirsten Donovan

Products You May Like

Articles You May Like

Prepare to study in Canada
Study permit: Who can apply
Hybrid Work Arrangements Becoming Popular As Canada Jobs Market Remains Tight
Boost PNP Slots For International Students, Conference Board Says
Nurse Aides And Orderlies Can Now Immigrate To Canada Through Express Entry 
British Columbia Conducts First PNP Draws Since Overhaul Of Provincial Immigration Program
Canada To Spend $90m Improving Credential Recognition Of Immigrant Healthcare Workers

Leave a Reply

Your email address will not be published. Required fields are marked *