The Association of British Insurers (ABI) said it expects the country’s insurers to “deal with a total of 105,000 claims, and pay out £130 million [$208 million] to policyholders whose homes, businesses and vehicles were damaged during last week’s St Jude storm,” according to initial estimates from Aidan Kerr, the ABI’s Head of Property.
He described the storm [named Christian in continental Europe] as a “significant event with some tragic consequences, but advance warning meant that people were well prepared and could take steps to minimize damage and disruption.
“Violent weather like this is exactly what insurers expect to deal with during the year, and they will have mobilized claims teams to help customers recover as quickly as possible.”
Following the storm, the ABI issued advice for insurance customers affected by damage.
Source: The Association of British Insurers
Was this article valuable?
Here are more articles you may enjoy.
Chubb to Serve as Lead US Insurer for Gulf Shipping Amid Iran War 
Prices for New Cars Have Soared. Here’s One Big Reason Why 
CRC Group CEO on Casualty: ‘It’s More About the Coverage’ Than Price 
Florida Bill Passes, Easing Agency Customer Reps’ Education Requirements 
