Cover reaches saturation point.
The last year has seen UK insurers swamped by claims for flood damage. David Fanning urges the government and local authorities to act quickly before insurers and insureds find themselves drowning in impossibly high premiums, poorly restored homes and even ill health.
The worst floods in nearly half a century swept across the UK last year and seasonal rainfall last autumn was the worst on record. The outcome for UK insurers was a claims bill currently estimatedOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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