Flood claims ‘could total £1 billion’

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• Flood claims could hit £1 billion
According to industry professionals the cost of flood related insurance claims in the UK could top the £1 billion marks, after thousands of people were left to deal with the horrific damage caused by the
• Insurance premiums could soar for flood victims
It has been revealed in a recent report that consumers who live in flood risk areas in the UK could be hit with huge insurance premiums as a result of insurance companies getting tougher. Over
• Flooding costs to affect insurance premiums
The UK has seen some of the worst rain and floods in years over the past few weeks, and for many this has resulted in severe damage to their property and huge insurance claims.
• Take steps to minimise flood damage, insurer urges
Flooding is becoming a greater and greater risk in many parts of the country. This summer, parts of Yorkshire, Lincolnshire and Gloucestershire were swamped by flood waters for days, causing millions of pounds worth of
• Insurers count costs of floods
The floods in the West Country last month, along with the Central England floods in June, have cumulatively been termed the worst in 60 years in the UK.Now, as the waters have receded, Britain's insurers
• Insurance claims expected to flood due to flooding
The recent wet weather in Britain has devastated many homeowners all around the country, causing millions of pounds worth of damage collectively and causing untold stress and inconvenience. According to officials the level of insurance
• Home insurance market remains competitive
Prices in the home insurance market are still competitive despite predictions that flood damage claims earlier this year would inflate premiums, according to the British Insurance Brokers' Association (BIBA).Graeme Trugdill, technical services manager at the
• People who lie on insurance claims ‘will be found out’
People who try to make fraudulent claims on their insurance are likely to be caught out, according to a financial expert. David Kuo, head of personal finance at Fool.co.uk, said that many insurance companies now use