Flood claims 'to cost up to £100m'

Nov 22 2009

Flood claims in Cumbria and south Scotland are expected to be in the region of £50-100 million, the Association of British Insurers (ABI) has said.

Early indications are that insurers have already received between 500 and 1,000 claims, the ABI said.

The cost of a typical claim is likely to be in the range of £20,000-£40,000, depending on the building and contents affected.