UK flood damages in 2023 continue to increase insurance industry losses

The latest Perils industry loss estimate for the damage caused by storms Babet and Aline in 2023 has reached £597m (€691m) with the majority of the losses in the UK. Perils, an independent Zurich-based organisation providing industry-wide natural catastrophe exposure and event loss data, estimated losses in December of £439m (€509m) but that had risen in January […]