Flooding could cost homes and businesses in England £818m by 2055
Homes and businesses most at risk of flooding across England could face at least £818m in costs by 2055. According to a new report from AXA UK there are an estimated 2.8 million properties in England already at risk of river and sea flooding and 3.4 million are at risk of surface flooding. The Environment […]
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 […]