The bill sent to insurers from storms bringing hurricane strength winds and widespread flooding to parts of Britain since December could reach 1.5 billion pounds ($2.50 billion), according to consultants at Deloitte. The consultancy had estimated insured losses from winter …
This winter has been the wettest in the United Kingdom since detailed data was first published in 1910, and the rainfall total for January was the highest recorded since 1766, according to catastrophe modeling firm AIR Worldwide. Beginning with a …
Aviva Plc, RSA Insurance Group Plc, and Direct Line Group Plc are poised to bear the brunt of losses from flooding in Britain that is estimated to cost the industry as much as 1 billion pounds ($1.7 billion). Aviva, the …
British officials will hold their first meeting with insurers today on how they’ll deal with record floods that have so far caused an estimated 600 million pounds ($1 billion) in damage. Cabinet Office ministers Oliver Letwin and Jo Johnson are …
Floods and storms pounding the U.K. may cost the insurance industry at least 500 million pounds ($822 million), a figure that may double if the weather conditions persist, according to a partner at Deloitte LLP. The storms may also drive …