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CADO Knowledge Base
28 February 2014
Have passport will travel
'Storm insurance claims ‘at 10-year high’
Weather-related property insurance claims in the UK hit a 10-year high during the fourth quarter of 2013 because of this winter’s extreme storms and floods, according to accountancy firm Deloitte.
28 FEBRUARY 2014 | BY JUDITH UGWUMADU
Analysing the figures, drawn from Association of British Insurers data, Deloitte said that, as of December 31 2013, insurers dealt with nearly 200,000 weather-damage insurance claims to properties.
Deloitte’s insurance partner James Rakow said: ‘Widespread storms and floods in the final three months of 2013 generated 198,000 insurance claims, which is the highest number of weather-related fourth-quarter claims in the past 10 years.’
Property damage accounted 172,000 insurance claims, domestic pipe leaks for 5,000 and commercial weather-related claims stood at 22,000.
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