Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Profits of insurers at risk due to December U.K. floods

December 30, 2015 Reprints

Profits of U.K. insurers are likely to be affected by the recent flooding events in the country, reported News.Markets.

The country has been hit by storm Eva over the Christmas weekend and storm Desmond in early December.

Damage from these storms and any further damage by additional rain "will impact relevant insurers' year-end profitability," said a PricewaterhouseCoopers L.L.P. official.

"We would give a very initial estimate of economic losses of between £900 million ($1.33 billion) and £1.3 billion" for the floods, added the official.

Help

Profits of insurers at risk due to December U.K. floods

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources