Insurers handle 50,000 flood claims

The July floods have so far resulted in 12,000 claims for flood damaged homes, and 3,500 claims from businesses. The ABI estimates the total cost for the floods in the north and south of England at £2.5 billion. Insurers are moving homeowners into temporary accommodation, including caravans, where needed. Insurers are also moving businesses into temporary premises. Nick Starling, the ABI’s director of general insurance and health, says: “The priority for insurers is to help their customers pick up the pieces from these devastating floods. More vulnerable customers, and the hardest hit...