A looming problem

With the predicted long, hot summer ahead, the UK insurance industry has its sights set on protecting against the threat of subsidence. Liz Booth explores how insurers have been burnt in the past and how it is vital to find a way to reduce the number of claims

With constant talk of climate change and the predictions of a long, hot and dry summer to come, it would be understandable if insurers and insureds were getting worried about the potential threat of subsidence.

In addition, given the Association of British Insurers (ABI) figures - which show that the industry paid out £302m in claims last year alone and that there has been a 50% increase in claims in the past five years - they would be right to worry.

The ABI report does not make comfortable

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: