Insurance claims on the rise

Claims for weather-related damage to homes and possessions hit record £226m

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Insurance claims for weather-related damage to people’s homes and possessions totalled a record £226 million between January and April, according to the Association of British Insurers (ABI).

The ABI said it is the first time that quarterly claims for weather-related damage have topped £200 million in its data, going back to the start of 2017.

Payouts surpassed the previous quarterly record set during the first quarter of 2022 by £67 million.

The record payouts follow significant and consistent bad weather, including Storm Eowyn, the ABI said.

Bad weather was not just a problem for households, as ABI members also paid out £109 million to businesses for weather-related damage and business interruption - a £7 million increase compared with the first quarter of 2024.