ABI: cost of flood damage has tripled since year 2000

Alan Goddard

The cost of flood damage since 2000 has soared by 200% compared with the previous decade, with yet more people set to be at significant risk of flooding, according to the Association of British Insurers.

Figures released yesterday at the ABI's 'Fighting Flood Risk Together' conference, reveal that, since 2000, insurers have paid out £4.5bn to customers whose homes or businesses have been hit by

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