The company told the BBC's Today Programme that home improvement, increasing numbers of bathrooms in homes, and expensive flooring had raised the cost of repair work and that the rises were not directly related to the recent flooding.
Norwich Union's parent company Aviva told investors earlier this week that the recent floods in the south of England would cost it £165m. This is in addition to an even earlier statemetn that the floods in the north would cost £175m.
- One Broker buys Gibbs Denley Insurance Services
- Profits soar at Bollington in 2016
- Gadget insurance aggregator launched
- Bennett Christmas buys Horsham-based Slade Edwards Insurance
- UK businesses “unprepared for a cyber shock”
- Meet the techies: Richard Hartley
- In-depth - Personal lines: The omni-channel future