Tuesday, 29 October 2013

Insurers prepare for claims following storms

It may be too early to start counting the cost of the economy of the storms, but the calls to insurers from homeowners and businesses have already begun.

Insurers believe the aftermath will not be comparable to the 1987 storm - which resulted in a bill of around £2bn.

However there has been widespread damage to fences and roofs, and thousands of houses are still without power.

Mark Shepherd from the Association of British Insurers told BBC Radio 5 live's Dominic Laurie and Beccy Meehan: "It will take time to fully consider what the loss has been and there's obviously has been significant damage to properties."




Source: BBC

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