UK 2007 household loss put at £300m
Household insurers suffered an estimated loss of over £300m in 2007 due to the severe flooding experienced in the summer, according to a new report. However, it claims the market is forecast to return to a profitable state in 2008.
The June and July floods are estimated to have cost insurers around £3bn and when added to the other claims made throughout the year for theft, fire and subsidence, Datamonitor estimates that gross
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