UK storm and flood losses manageable for insurers says Fitch

People sandbagging flooded streets

The losses relating to the 2013/2014 winter floods and storms will be manageable for UK non-life insurers, according to a report by Fitch Ratings

Fitch believes the overall cost to the industry is likely to fall within previously published loss estimates of around £1.2bn, if the insurer-reported loss figures to date are in line with the market

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