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Recent floods and insurance

If the recent floods involve an insurance payout of £1bn and using figures from 2005 net property premiums are 8.7bn with a payout of 7.7bn then one would expect that this flood in isolation will put premiums up by about 15%. With the previous floods and what may happen later we could see an increase in premiums of 40% or more.

Comments

Chris Paul said…
What nonsense!!
John Hemming said…
What are your calculations then?

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