The Affiliation of British Insurers has calculated insurers paid out a report £585m for climate associated harm to folks’s residence and possessions in 2024.
The claims adopted vital and constant unhealthy climate together with 12 named storms within the 2023/2024 storm season, probably the most named storms since 2015/2016, the ABI famous.
It detailed that claims for harm to houses from windstorms, flooding and frozen pipes in 2024 topped the earlier 2022 report for a similar declare sorts by £77m. The 2024 determine was additionally £127m (28%) increased than the weather-related claims payouts for 2023.
Complete property claims within the fourth quarter of 2024 had been £1.6bn, and took
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