UK insurers paid out record ?585m last year as climate breakdown intensifies

Insurers blame 'significant and consistent bad weather' after year of 12 named stormsInsurers paid out a record ?585m for weather-related damage to homes and possessions in Britain last year, after record-breaking rain and storms hit the country.The data, from the Association of British Insurers (ABI), revealed that claims for damage to homes from windstorms, flooding and frozen pipes in 2024 surpassed the previous record in 2022, for the same types of claim, by ?77m. The figure is ?127m higher than the weather-related claims payouts for 2023. Continue reading...