Flood bill to reach £2bn

The figure is an increase on the £1.5bn bill estimated earlier this month. A spokesman for the ABI tells IFAonline: “Insurers expect claims during the year; they don’t expect this in two months. Across the piste, premiums will remain very competitive. If you’ve suffered floods a couple of times your premium will go up but they will remain competitive. “Short of being able to control the weather, we’re mobilising extra claims handling staff, getting out as quickly as possible to look at properties. “Our priority is getting people back into their dry homes as quickly as possible. It cou...