UK weather-related insurance claims reach record £573m

UK weather-related insurance claims reach record £573m

Flood and frozen pipe damage caused by series of storms, says Association of British Insurers

Storms and heavy rain pushed up weather-related home insurance claims in the UK by more than a third last year to a record £573m, according to industry data.

The repair bill for storm damage and other extreme weather during 2023 was £150m more than in 2022, the Association of British Insurers said, contributing to an overall 10% rise in residential property claims settled last year.

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