Insurance companies paid a record of 585 million pounds for the weather -related damage to homes and property in Britain last year, after that. Record Rain and storms hit the country.
The data revealed, from the British Insurance Companies Association (ABI), that the claims of damage to the homes of rural storms, floods and frozen tubes in 2024 exceeded the previous record in 2022, for the same types of claim, by 77 million pounds. This number is 127 million pounds, a ritual request for ritual demands for 2023.
Insurance companies blame “large and consistent” bad weather “for standard payments. The Storm Season 2023-24 12 included the storm called the most noun storms since 2015-16.
The collapse of the climate has made the last storms more frequent and intense, an analysis before Make the office He found. Insurance premiums Global climbing In areas exposed to increased risk of severe hurricanes, floods, fires and other extremist events. In the United Kingdom, the average annual insurance price for construction and contents in 2024 increased by 55 pounds (16 %) to 395 pounds, compared to 2023.
The numbers come after the Guardian analysis revealed that more than 100,000 new homes will be built on high -risk flood areas in England in the next five years.
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Insurance companies suggested not building homes in areas exposed to climate risk if possible.
“Our latest data is a sharp reminder of the destructive damage that can be caused by the negative weather of the homes of people and companies,” said Mark Shabard, head of the ABI.
“Insurance companies are prepared for these types of events at any time – but prevention is always better than treatment. For this reason we continue to defend climate flexibility measures that are carefully considered in all planning decisions and construction standards, to ensure that real estate is suitable for the future and they are not built in Climate risks.
The UK government has I was committed recently To enhance the defensive spending of floods to 2.65 billion pounds over the next two years, ABI calls for more guaranteed spending. Insurance companies want the government to be at least one billion pounds annually from the flood defenses of 2026 onwards. They argue this provides money like I found research This is for every 1 pounds, spending on the maintenance of the flood defense, 7 pounds are provided in the spending of capital.
Companies also suffered a harsh weather. Data shows that insurance companies paid 102 million pounds to companies due to weather damage and business interruption during the last quarter of the year. This is a 7 % increase over the previous quarter, and 16 % on the fourth quarter 2023.
