ABI estimates the cost of flood claims at £100m
"The hard work still to come" - Nick Starling
The cost of the recent flood claims in Cumbria and southern Scotland is around £100m based on current claims, the Association of British Insurers (ABI) has estimated.
However, the ABI warned that this may increase if more complex, commercial claims, such as those for business interruption, were made.
Loss adjuster Cunningham Lindsey said the four days of flooding resulted in 1,000 claims with 25% of these being in the Carlisle postcode area.
In total 1,300 properties were affected. According to
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