Property insurance payouts hit record quarterly high
Insurers paid £1.4bn in claims for property damage during the second quarter of the year, according to the latest data from the Association of British Insurers (ABI).
This is a quarterly high since the ABI started collecting the data in 2017 - and a 5% increase on the first quarter of 2024 when pay-outs hit £1.3bn.
The average payout per home insurance claim was
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