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
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