Recent floods not of 1947 scale claims RMS
Despite the widespread devastation caused by this summer's UK floods, the damage is not yet as costly as the March 1947 floods, which would have resulted in insured losses of £4.5 to £6 billion if it reoccurred today, according to Risk Management Solutions.
RMS estimates the floods in late June cost over £750m in insured losses, and that the current floods will be at least as costly. While it seems that the number of affected properties is less than June
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