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AA disputes Storm Desmond will lead to home premium hike

kendal-warehouse
Damage caused by Storm Desmond. Source: Axa

AA Insurance does not expect claims from Storm Desmond to result in widespread home insurance premium increases because the expected £250m of claims from the event are below the £1bn of claims needed to trigger across-the-board increases.

Advisory firm PWC estimated the insurance industry could pay out between £250m and £325m in claims from damage caused by Storm Desmond, which hit the North West of the UK on 5 and 6 December, with

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