AM Best predicts December storms will pressure 2015 earnings

Flooding in York following the December 2015 storms

The UK was affected by three named storms in December 2015: Desmond, which landed on 5 December; Eva, which followed on 26 December; and Frank, which hit on 29 December. Estimates from accounting firm PWC suggest the economic damage of December's bad weather could be between £2bn and £2.8bn with insured losses predicted as being between £1bn and £1.4bn. A briefing by the ratings agency said the principal UK property insurers are well-diversified by line of business and