Insurers facing St Jude storm bill

Storm warning

PricewaterhouseCoopers (PwC) has warned that the storm, named St Jude which reached the south of the UK last night and continued into this morning, will hit insurers due to the high density of properties in affected areas.

Mohammad Khan, insurance partner at PwC commented: "The UK insurance sector will pick up most of the bill from the damage caused by the storm that threatens the south of the UK.

"The storm is hitting the largest exposure in insurers books - where the density of properties is

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