Subsidence costs to increase 800% if climate change continues at current rate
PWC has predicted that if climate change continues to increase the severity of weather in the UK, insurers will be facing costs of around £1.9bn per year just in subsidence claims.
This represents an almost 800% increase from the £219m paid out in 2022, according to the Association of British Insurers, the highest expected insurance subsidence bill since 2006.
Last year was
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