Insurance Post

Storms' insured loss estimate increases to £1.4bn

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    • Katie Marriner

    • Indicative reading time: 4 minutes

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Latest estimates from accounting firm PWC suggest insured losses from storms Desmond, Eva and Frank, which battered the UK in December 2015, could reach £1.4bn as Prime Minister David Cameron yesterday (3 January) pledged £40m to repair and improve flood defences.

Cameron's £40m commitment is to repair defences in the aftermath of Eva and takes government investment in recovery from Eva and Desmond to nearly £200m.

Thirty three flood warnings, meaning flooding

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