Editor’s letter - August 2012
“The non-stop rain, rain, rain – with the exception of a few days at the end of July – has seen insurance leading the news”
The awful weather that we have been, so to speak, enjoying so far this summer has truly had an impact on the insurance industry. In fact the non-stop rain, rain, rain – with the exception of a few days at the end of July – has seen insurance leading the news.
Figures from the Association of British Insurers revealed that insurers will be paying out £500m due to the effect of the rain in June this year alone. That works out at £17m per day.
The floods have also brought the deadline for the ABI’s
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